Home : Blogs : Adam Brett - Fullerton, California Realtor : Adam Brett's Blog - All Things Real Estate in Fullerton and Beyond

O.C. Hotels In Trouble

16 hotels in Orange County and 307 statewide have been foreclosed upon or are in default of

hotel their loan obligations.

In January 9 hotels in Orange County closed compared to one the year before. Last month there were 1,823 rooms in default when there was only 238 last year.

Throughout the state hotels foreclosures are up 220%. The largest foreclosure in the state was the St. Regis in Dana Point.

Among the O.C. defaults: Extended Stay America Newport Beach; Extended Stay Anaheim; Extended Stay Orange; Extended Stay Lake Forest; Extended Stay Yorba Linda; Homestead Village Irvine; Homestead Village Cypress and Dana Marina Inn Motel, Dana Point

Posted by Adam Brett - Fullerton, California Realtor on 10/19/2009 08:40 PM

Comments (0)

O.C. Hotels in Trouble in the ActiveRain Channel

oc hotels, hotels, orange county, california, remax, adam brett, commercial real estate, foreclosure

This post has been included in California Information Orange County, CA Information
Post is included in group: RE/MAX Active Rain Bloggers
Post is included in group: Realtors®
Post is included in group: Everything California
Post is included in group: California Short Sales, REO's, and Foreclosures

0 Comments on O.C. Hotels In Trouble

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?