WASHINGTON, DC-Marshall Hotels & Resorts Inc., alocally-based hotel management and services company, has beenappointed the receiver for the Four Points by Sheraton Hotel &Suites Allentown Airport in Pennsylvania and the Holiday InnDanbury in Connecticut and as operator for the Holiday Inn BuffaloAmherst Hotel in New York, which is in receivership.

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Such moves are increasing in the hotel industry, said CEO MikeMarshall in a prepared statement, as lenders are becoming moreaggressive in taking back struggling assets. Marshall was unable toreturn a call to GlobeSt.com in time for publication.

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Lenders are indeed becoming more aggressive nationwide withunderwater hotels, bringing them back onto their balance sheets,Marc Magazine, principal of Humboldt Hospitality Advisors, tellsGlobeSt.com. “You can expect to see more of that in 2011 as lendersdecide they have pushed pretend and extend as far as they can.”Lenders will pace themselves, he predicts, not wanting to takethese losses all in one quarter.

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The DC area will be an exception, Magazine says--not becauselenders will give borrowers a pass but because there are so fewhotels underwater here. His best guess: “It can’t be more than ahandful inside the beltway.”

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Such borrowers, Magazine says are struggling because they tookon far too many loans or acquired properties at the height of themarket. Claret Capital is one example--the Dublin-based privateequity firm acquired the St. Regis hotel in Downtown DC in 2007 for$170 million. There is now a $101.6-million note on the property.In October, Barclays Capitalpostponedthe hotel’s foreclosure auction.

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An improving hotel industry is one reason why lenders may bemore confident in stepping up their seizure of assets. The sense isthat there is less downside by taking control of the asset, R. MarkWoodworth, president of PKF-HR, tells GlobeSt.com. The companyjust released its December 2010 edition of Hotel Horizons, whichforecasts that lodging demand will grow 7.8% in 2010--nearly fourtimes greater than the 2% increase in hotel supply, for a record5.7% rise in occupancy.

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