>The 44-year-old investor in seven Georgia hotels has owned this particular property since 2005. Then, it was bustling with construction workers and weary “snowbirds” zooming down Interstate 95 to Florida.
But as the economy slowed last year, revenue at the hotel fell 40 percent from 2006 levels. And rising costs and demands imposed by Wyndham Worldwide Corp (WYN.N), the hotel company that franchises the Microtel brand, are exacerbating his troubles.
“As it is, we are struggling to keep the lights on and pay the mortgage,” said Patel, one of the hotel’s three owners. “We have to put more hours into the business to survive.”