Hotel Foreclosures Up in 3rd Quarter

Summary


San Bernardino and Los Angeles counties were near the top of the list when it came to hotel foreclosures in California during the third quarter, according to a survey out this week.

As hotel foreclosures rose 10.7percent in the state, 11 hotels were foreclosed on in the third quarter in each county, according to Atlas Hospitality, a hotel brokerage that released the survey. Last year, the third quarter saw seven hotels foreclosed on in San Bernardino County and six in L.A. County.

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Extract


Hotel Foreclosures Up in 3rd Quarter

That put L.A. County and San Bernardino County behind San Diego County (13) and Riverside County (12) as the top in the state in the number of foreclosures.

San Ber...

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