The Home Of The Bruce Collins Show

Sunday, November 29, 2009

(Thanks For Heads Up, Patrick Wood- Commercial Real Estate Bust Coming Soon

MIAMI (AP) - Like many home owners, hotels are starting to drown in debt.

They have been enticing travelers all year with sweet deals: credits for in-house spas and restaurants, up to 50 percent off five-star rooms, even free nights.

But all that discounting hasn't stopped occupancy from dropping an average of 10 percent. The result? Hotel loans have begun falling into delinquency faster than any other kind of commercial real estate debt.

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