Investors in the mid-1980s rushed to build and buy hotels and motels, but the re

Source

Portland Press Herald

Date

11-28-1993

Pages

1F, 6F

Abstract

Investors in the mid-1980s rushed to build and buy hotels and motels, but the recession, which started at the end of the decade, resulted in most such facilities being worth only half what they were at their peak. The industry is starting to experience a turnaround, which is good news for the 13,000 Mainers who work in the lodging business. Details.

Subjects

Hotels, taverns, etc

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