Southern California Hotels Floored by Economy, Go on the Market

Hotels have been hit hard by the economy as people make adjustments to their spending, cutting out extras like vacations and other trips. Many hotel properties have likewise made adjustments in staff and prices, and others have gone into foreclosure, like L.A.'s Marriott Downtown.

In the past six weeks several Southern California Hotels have changed hands, been put up for sale, or sold.

The latest includes the luxury Southern California Four Seasons Resort and a popular Los Angeles area Sheraton (left).