(IRVINE, CA) California Hotel Defaults Jump 125% in Last 60 Days

(IRVINE, CA) California Hotel Defaults Jump 125% in Last 60 Days

(IRVINE, CA) -- The bells are tolling for financially strapped California hotels. Hotel loans originated in California from 2005 to 2007 are coming due this year and the borrowers are stuck.  They can't repay the loans.The number of California hotels in...

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