IndyStar: Central Indiana Hotel Foreclosures
July 02, 2010
The Indianapolis Star has an article today entitled "Area Hotels Facing Foreclosure Hit By Downturn, Bad Reviews":
The economic downturn of the past three years has dealt harshly with many hotels, lowering their occupancies, forcing constant cost-cutting, and making foreclosures and bank takeovers common.
Not surprisingly, hotels are yet another industry that has been hit with commercial foreclosure actions of late.