Commentary: Hotel Defaults—I Want to Believe

It’s been a long time since I’ve spared a thought for Fox Mulder, Dana Scully, or the rest of the gang at the 1990s TV show “The X-Files.”

But as I follow the conversation and listen to hoteliers’ reassurances about the wave of hotel defaults and foreclosures in this brutally tough economy, I’m pretty sure I know what Mulder would say if he were here:

I want to believe.

With hundreds of U.S. hotels running into rough financial waters, the consistent message from

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