News Brief
London’s dramatic Royal Horseguards Hotel located on the Thames River has reopened after a 27 million renovation. The hotel has a colorful history including James Bond Movies and The British Secret Service.
Financial Brief
The downturn in the economy has hit Florida Hotels hard. Florida’s hotel market continues to struggle as more hotels default and go into foreclosure. As many as 500 to 700 hotels in Florida can be expected to wind up in foreclosure or be refinanced with significant losses to the borrower and lender.
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