Hotels facing a crisis of debt and deterioration

12/7/2011 | Portfolio.com

There's a crisis facing the hotel industry. Some signs are subtle, such as an out-of-service elevator. But other signs are in-your-face obvious, such as a bank sale. "You're going to see a huge increase of hotel foreclosures. (It is) going to be a close-to-catastrophic problem," predicts hotel developer Robert Sonnenblick.

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