California hotel Failures Increasing 18-132%, the true number of distressed California hotels is much larger, with more than 1,000 properties operating under some form of forbearance agreement.
The total number of hotel rooms foreclosed on was at 7,560, up 255% from the same period in 2009. Of the 100 hotels that had been foreclosed on, only 12 (12%) had been resold to new investors.
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