Extended Stay Hotels Inc. is in early talks that could result in turning the hotel chain over to its lenders, a sign of the deep trouble awaiting the commercial real-estate business.
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Hotel landlords typically are the first to feel the pain in a downturn because hotels have the shortest leases in real estate -- one night at a time.
Monday, December 8, 2008
One Night at a Time
Jeffrey McCracken and Alex Frangos report what they believe is a leading indicator for commercial real estate:
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