california hotels: Southern California Hotels For Sale - Foreclosures Increasing! - 10/31/10 10:19 AM
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 … (2 comments)

 
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula (Realty Works Temecula)

Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula

Realty Works Temecula

Temecula, CA

More about me…

Realty Works Temecula

Address: 41720 Winchester Rd. Suite J, Temecula, CA, 92590

Office: 951-676-4663

Mobile: 951-217-6745



Listings

Links

Archives

RSS 2.0 Feed for this blog