Default: Ignoring the situation won’t make it go away | hotelnewsnow.com

Today’s economic landscape is making foreclosure a regrettable reality for more and more hotel owners. Fortunately, there are a number of steps proactive owners can take to mitigate their risk. Jed Heller, president of The Providence Group LLC, a management company based in Duxbury, Massachusetts, that offers a distressed management program, said the first step is to get an appraisal of the property.