Business and tourist travel is picking up, but the number of Dallas-Fort Worth hotels facing foreclosure this year has more than tripled.
So far in 2010, 94 North Texas hotel foreclosure filings have been recorded. There were 30 filings for the same period in 2009, according to Foreclosure Listing Service Inc.
"Among D-FW hotels, the threat of foreclosure has skyrocketed over the past two years," said George Roddy, president of the Addison-based foreclosure-tracking firm. "For the upcoming foreclosure auctions on Oct. 5, eight postings have been filed, threatening hotel projects within the area."
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