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IPFS News Link • Economy - Economics USA

California to see record number of hotel foreclosures

06-27-2009 • hotelnewsnow.com/

The unprecedented decline in room revenues combined with the jump in cap rates has resulted in a massive loss in values. We estimate that values are currently 50-80% lower than at the market’s peak in 2006-2007.

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Reported By Jack Gregson

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California to see record number of hotel foreclosures

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