Hotel financing, foreclosed (all over)

We've certainly talked about the effects of the recession upon individual houses, but what about really big houses with lots of rooms and maid service? Yes, hotels are facing problems also:

In California, 175 hotels are in default -- the first stage in the foreclosure process -- according to a report from Atlas Hospitality Group, an Irvine-based brokerage firm. Another 31 have been foreclosed, nearly one third of them in the Inland region.

More here.