>California Hotel Foreclosures Double in Last Three Months

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>From Watch List reader, Alan X. Reay, founder and president of Atlas Hospitality Group in Irvine, CA, comes this astounding statistic. The number of California hotels in default or foreclosed on has jumped 125% in the last 60 days. The state now has 31 hotels that have been foreclosed on and 175 in default.

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http://www.atlashospitality.com/index-4.html?id=1240492180

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