Number of California Hotels in Foreclosure Increases

Posted on January 15, 2012


” The number of California hotels foreclosed on jumped 66% last year, but the bloodletting is expected to diminish in coming months as the hospitality industry gets back on its feet.

Lenders foreclosed on 230 hotels in 2010, up from 138 the year before, Atlas Hospitality Group said in a report. Among them were Hampton Inn; Suites Ontario, Country Inns; Suites by Carlson in Calabasas and the Ritz-Carlton Lake Tahoe.

The largest hotel to go back to the lender was the 331-room Hilton in Sacramento.”

See full story at LA Times.