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.

Experts note that loan distress will play a diminishing role in the hotel marketplace, thanks to an improving economic climate and rising property values. Owners with otherwise good payment histories will see flexibility among lenders, willing to adjust terms or extend loan maturities if owners can come up with more equity to refinance.

“The lenders aren’t going to be in a hurry to foreclose,” Rauch said. “They don’t want to be in the hotel operating business.”

Read more:  http://sdbj.com/news/2012/jan/02/tourism-industry-looks-build-recession-recovery-ga/