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IPFS News Link • Economy - Economics USA

Five Star St. Regis resort in Dana Point faces foreclosure sale

06-10-2009 • LAtimes.com

Business is so bad -- and funding so expensive -- that hardly any hotels are being sold these days, and most are now worth 50% to 80% less than at the peak, said hotel broker Alan X. Reay of Atlas Hospitality Group in Costa Mesa.

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Reported By Jack Gregson

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Five Star St. Regis resort in Dana Point faces foreclosure sale

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