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How bad will financial distress in the hotel industry get before it gets better? Are we seeing just the tip of the iceberg in terms of hotel foreclosures? What can owners do to help their properties survive? Why aren’t we seeing more sales of distressed hotels? Will lenders take back properties or work out loan terms with borrowers? Listen in as our panel of experts gets to the bottom of these crucial questions. Monday, July 6, 2009: 12:30 PM ET Cost: $59
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BROOKLYN, NY-The owning partnership recently purchased the property for $18 million and plans to invest almost three times that amount in renovations to upgrade the space.

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