The Butler Redevelopment Authority recessed its meeting Monday, which was a continuation of last week’s meeting, to Friday to consider approving the sale of the unfinished Marriott Springhill Suites in the Centre City project downtown.

The authority recessed its regular meeting Dec. 14 to Monday to vote on the sale of the hotel from J.S. Capitol, the owner and developer, to a buyer who has not been publicly identified.

But Monday’s meeting was recessed to 2 p.m. Friday following an executive session.

Solicitor Thomas Breth said the legal issues regarding terms of the sale’s closing that caused the most-recent delay will hopefully be resolved Thursday afternoon, so the authority can act on the sale Friday and the sale will close by the end of the year.

The authority’s 25 percent share in the hotel is held by the Butler Area Development Corporation, the authority’s nonprofit partner created for the hotel development, but the authority must approve the sale, Breth said.

Members of the corporation attended the executive session with authority board members.

When the sale closes, the authority will receive $182,000 in reimbursement for property acquisition, environment review and engineering and legal costs, and any other proceeds will go to the corporation, he said.

The authority’s share in the hotel came from a $2 million PNC Bank loan it invested in the development, but the city guaranteed the loan. When the hotel is finished, the city is due to receive a $2 million state grant to use to repay the loan.

The bank has extended the maturity date, but S & P Global Ratings has lowered the city’s bond rating three times this year, in part because of the loan — even though the developer is required to pay it off if the city defaults. The city’s rating is now B, for speculative grade bonds.