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The county s hospitality business was hit hard by the economic downturn, florida keys hotels falling more than 10 percent in 2009 as leisure and business travelers cut spending. Business has improved over the past 21 months, but it still isn t back to pre-recession levels.
But hotels with significant debt loads are still struggling to survive, according to industry analysts. Another Crescent project, the Ritz-Carlton in Lake Tahoe, was sold at a foreclosure florida keys hotels auction in June.
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