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Hotel foreclosures in California more than quadrupled last year as business travelers and vacationers cut spending and commercial real estate values plunged, forcing owners into default, according to
Hotel foreclosures in California more than tripled in the first nine months of this year as business travelers and vacationers cut spending.
CHICAGO, Illinois (eTN) - In the US, hotel loan defaults and foreclosures are on the rise. Alarmingly, the rate of increased shutdowns is expected to speed up even further.
ATLANTA, GA - PKF Hospitality Research (PKF-HR), the research affiliate of PKF Consulting, has completed a special analysis of two critical issues facing hotel lenders today as the industry enters wha