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IPFS News Link • Economy - Economics USA

Report: As many as One in Five U.S. hotels may default

07-01-2009 • CalculatedRiskblog.com

As many as one in five U.S. hotel may default on their loans by the end of 2010 as the recession forces companies to spend less on travel and perks, according to Kenneth Rosen, an economist at the University of California.

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Reported By Jack Gregson

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