April 1 (Bloomberg) -- Hotel foreclosures in California climbed 27 percent in the first quarter from a year earlier as unemployment cut business travel.
Foreclosures, including the 469-room Los Angeles Marriott Downtown, rose to 79 properties from 62 in the first three months of 2009. Defaults increased 6.5 percent to 327, Irvine, California-based Atlas Hospitality Group said in a statement. The company specializes in selling hotels.
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