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Close Topic OptionsW Hotel Fell Into Default This Summer
W Hotel Fell Default Summer - Culture, Family, Travel, Consumer Reviews - Posted: 25th Oct, 2009 - 12:10pm
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Post Date: 25th Oct, 2009 - 12:10pm / Post ID: #
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W Hotel Fell Into Default This Summer
More local hotel owners fighting for survival
By all accounts, this year has been miserable for struggling hotels as travelers clamped down on discretionary spending, sending revenue spiraling to a decade low. Making matters worse, hotel values have plunged, leading to a mushrooming number of properties in danger of being turned back to lenders as owners fail to make mortgage payments. Ref. Source 9
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TOPIC: W Hotel Fell Into Default This Summer