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Local Company Offers Help to Hotels In Financial Trouble
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Published: January 15, 2009
TAMPA - The Plasencia Group, a Tampa-based hotel investment consultant, has reinstituted its Distressed Hotel Advisory practice, similar to services provided in past recessions to owners and lenders of financially troubled hotels and resorts.
The distressed loan situation in commercial real estate is getting worse, according to an analysis by the CoStar Group, which provides building-specific information through an appraisal of commercial transactions.
The CoStar report of December filings showed $727 million in hotel loans were delinquent nationwide.
Reporter Ted Jackovics can be reached at (813) 259-7817.
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