Investors hover as South Florida distressed assets hit market
South Florida could see a massive shakeup in hotel ownership in the near future as investors swoop in to buy up the area's many distressed hotels at deep discounts. Just as hotels have had to roll room rates back in what has become a buyer's market for travelers, hotel owners are having to slash prices to attract investors, and new owners who take over a property with lower loan payments may be in a better position to fund needed maintenance and repairs.
Miami Herald, The | 11/02
This story published in AH&LA SmartBrief on 11/03/2009
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