US Hotel Vacany Rates Highest In History: Receivers Can't Keep Up w/Distressed Props

[ByLoSellHi]

U.S. hotel occupancy is at its lowest level since Smith Travel Research began tracking the figure in 1987.



http://online.wsj.com/article/SB125124003973558497.html

 

[misterno]

Can someone post the whole article, I can not see.

 

[raystrans]

Quote from misterno:

Can someone post the whole article, I can not see.

If you use Google search to find a WSJ article, you can see the whole article.

In this case, I searched for part of the title of the article, "Hotel Receivers Face Long Stay", to see the whole article.

 

[morganist]

Quote from ByLoSellHi:

U.S. hotel occupancy is at its lowest level since Smith Travel Research began tracking the figure in 1987.



http://online.wsj.com/article/SB125124003973558497.html

paris hilton better make another promotional movie to get sales up.

 

[pitz]

I knew the hotel industry was f*cked when I stayed a few months last year in the SFBay area, at a Hilton, for $35/night.

The same hotel room, during the tech boom, I remember paying $200/night.

 

[new$]

http://www.mauinews.com/page/content.detail/id/523055.html?nav=10

 

[logikos]

I really feel sorry for the Donald Trumps of the world. Sheesh!

 

[peilthetraveler]

This actually sounds like a great time to buy one of these hotels for less than its construction cost. You always want to buy in times like these. If someone paid 5 million for a 100 unit 3 years ago, there is no reason why you shouldnt be able to find someone to sell you that same place for 500-800k if you really look.

 

[MandelbrotSet]

Quote from logikos:

I really feel sorry for the Donald Trumps of the world. Sheesh!

+1

 

[Clubber Lang]

Quote from peilthetraveler:

If someone paid 5 million for a 100 unit 3 years ago, there is no reason why you shouldnt be able to find someone to sell you that same place for 500-800k if you really look.

Not a chance.