Close Topic Options

Hotel Foreclosures

Economy hits luxury as W Hotel falters

Sunstone Hotel Investors Inc., which purchased the W Hotel in downtown San Diego three years ago, concluded that it no longer made sense to continue paying off its loan.   Ref. Source 7

Foreclosures Hotel

I believe that this is another sign that the economy is not getting any better. With fewer and fewer people taking a vacation because of this I feel that a lot of the hotels and motels are going to suffer.