Buying Opportunities Offered by Growing Hotel Foreclosures
In the wake of the foreclosure crisis, it is not only residential properties which are ending up repossessed. As the economy turned sluggish and consumer spending drops, the number of hotel owners, who are having a tough time paying off their mortgage obligations, is rising at an alarming rate. In fact, based on a report from the Atlas Hospitality Group, hotel foreclosures in California, one of the states hit hardest by the housing crisis, [...]
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