Wednesday, May 18, 2011

Rash of Hotel Chapter 11 Cases

All throughout Florida there has been a string of hotels and motels filing for Chapter 11 protection.  In the north Florida area over 10 have filed since January.  It is hard to put your finger on one reason why this is happening but anyone can see that the economy is hitting this industry hard.  This is not even considering the small bed & breakfast inns all around the area that have seen a sharp decrease in visitors.  In my opinion the area is going to see even more hotels, motels, and inns seeking bankruptcy protection in the near future.

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