Published at: online.wsj.com
Dear Bankers of America: Welcome to the Hotel Business
September 17, 2009
When America’s bankers open the mail these days, they’re often finding “hotel jingle mail,” the proverbial keys to hotels that owners have walked on. Combine these forfeited hotels with foreclosed hotels and bankers are now among America’s biggest hotel owners. What do bankers need to know in order to be successful hoteliers...for as short a period of time as possible?
Dear Bankers of America: Welcome to the Hotel Business!
September 13, 2009
When America’s bankers open the mail these days, they’re often finding “hotel jingle mail,” the proverbial keys to hotels that owners have walked on. Combine these forfeited hotels with foreclosed hotels and bankers are now among America’s biggest hotel owners. What do bankers need to know in order to be successful hoteliers...for as short a period of time as possible?