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July 1 (Bloomberg) -- As many as one in five U.S. hotel may default on their loans by the end of 2010 as the recession forces companies to spend less on travel and perks, according to Kenneth Rosen , an economist at the University of California. As many as one in five U.S. hotel loans may default through 2010 as the recession means companies are spending less on travel and perks, according to University of California economist Kenneth Rosen. The value of hotel properties in default or foreclosure almost doubled to $17.3 billion in the second quarter through June 24 from $9 billion at the end of the first quarter, data compiled by Real Capital Analytics Inc. International Game Technology announced today that Eric Tom will be joining the company as its new Executive Vice President of Sales and Marketing for North America including Canada and Mexico, subject to his obtaining appropriate regulatory approvals. One Lincoln Park resident’s artwork on display Blame Sally broke the mold. In a music scene where youth still rules even as record company budgets shrink, this California quartet of middle-aged female rockers landed... Arieff Communications, LLC Lands Two New Consumer Accounts TableTopics Inc. and Eco-Luxury Hotel & Spa - Bardessono in the Napa Valley. (PRWeb Jun 24, 2009) Read the full story at http://www.prweb.com/releases/2009/06/prweb2556014.htm Arieff Communications, LLC Lands Two New Consumer Accounts TableTopics Inc. and Eco-Luxury Hotel & Spa - Bardessono in the Napa Valley. These are tempting times for real estate bargain hunters. Whether it's the tony house down the street with an asking price that keeps dropping or office space at a deep discount, if you have the means, there are deals to be had. Individual investors snapping up foreclosed houses have helped boost home-sale figures sharply in recent months (although prices have remained depressed). And now some ... Eat And Sleep Like (Egyptian) Royalty With Joie de Vivre's King Tut Packages (PRWeb via Yahoo! News) Hotel and Restaurant Deals Highlight Renowned Exhibit, Back in San Francisco After 30 Years |
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