Saturday, November 26, 2011

Hotel foreclosures an oncoming ‘train wreck’

Hotel foreclosures an oncoming ‘train wreck’: Steve Van hates being the pessimist, but he can’t help it. The CEO of Prism Hotels & Resorts says comparing the last two years of hotel distress to what’s coming is like comparing “a car wreck and a train wreck.”
He doesn’t see any other way to avoid the oncoming flood of [...]

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