I read the newspaper reports that Ferchill's lost his Hilton Garden Inn to foreclose and the lender was suing him. And there is the report that Detroit has one of the poorest hotel markets in the country:
http://detnews.com/article/20101006/...%80%99s-hotels
- An AMAZING 49% of the hotels are delinquent in their loan payments
- Occupancy is at 55% - where 70% is required for breakeven operations
Do you have anything more definitive than he is in "trouble" ?
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