Region leads state in foreclosed hotels in 2011
from the San Diego Daily Transcript January 11, 2012:
Hotel developer and consultant Robert Rauch agrees there should be fewer hotels heading toward foreclosure this year.
“I don’t think we will see more foreclosures I think there will likely be more technical defaults,” Rauch said also suggesting that extensions and workouts may give hotel owners more time than they have had in a while.
Local Analyst: SD Tourism Industry Recovering
from 10news Broadcast January 8, 2012:
…”For the next five years, I foresee good times ahead after three horrendous years for our industry,” said Rauch.
According to Rauch’s hospitality firm R.A. Rauch & Associates, tourism in San Diego County in 2012 is expected to rake in $10 million in new tax revenue, create 1,000 new jobs and have 450,000 more hotel rooms occupied across the county….
Read more at http://www.10news.com/news/30163353/detail.html
Tourism Industry Looks to Build on Recession Recovery Gains
from the San Diego Business Journal (Jan 2, 2012):
Robert Rauch, president of hospitality consulting firm R.A. Rauch & Associates Inc. in San Diego, foresees more deals in the $5 million to $25 million range in 2012, mostly by single investors and small investment firms. Read the rest of this entry »