Hotel Lawyer with the latest information on hotel loan defaults, foreclosures, forebearances and distressed sales in California from the Atlas Hospitality Group.
Last week in Los Angeles, Alan Reay, CEO and founder of Atlas Hospitality Group, presented hotel industry executives with the latest information from the company's sales survey. Reay recounted Atlas Hospitality's 2009 projections, and showed how accurate they were wtih a comparison of forecast versus actual results. He also noted how the recent "Perfect Storm" of economic events had set four new (bad) records and a bracing forecast for distressed hotels in the near future . . .
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