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Southern California Hotels For Sale - Foreclosures Increasing!
October 2010
If you've ever wanted to go into the hospitality business then now may be the time to buy.   There are many foreclosed hotels hitting the market!
In the last 60 days California hotels in default or foreclosed on jumped 125%.  
San Bernardino leads the way with 19.6% of the total hotels in foreclosure.
Riverside County follows with 16.1%
San Diego County has 12.9%.
The default amount is largely due to hotels refinancing during 2005 when the economy began it's downward spiral and revenues were down and have stayed down since.
Figures courtesy of Atlas Hospitality Group
 
 
Jane Grant Southwest Real Estate   Telephone:  866 621-0155 FACEBOOK, LinkedIN,  U-Tube, Twitter, Trulia, Search For Homes
 
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Call me for information about living and playing in the Temecula Wine Country! Murrieta homes, Temecula
Homes, Southern California Homes, Inland Empire Homes.
Contact me for information regarding Real Estate in Southern California.

 
 
Broker of Record- DRE  01109492Southwest Real Estate, Inc. Telephone:  866 621-0155
Temecula Homes For ... more

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