Oxnard Radisson Hotel Faces Bank Foreclosure
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Oxnard’s Radisson Suite Hotel, where the Los Angeles Raiders stay during their annual summer camp, reportedly is faced with bank foreclosure.
The hotel’s owner, Ventura-based Westland Co., is in default on $18.8 million in loans and interest payments owed Manufacturers Bank, according to Oxnard city officials.
The bank isn’t commenting, but Alan Holmberg, a lawyer representing the city, says the final deadline for payment has passed. In addition, the hotel’s owner reportedly is behind in its payments on a $9-million bond the city issued to build the facility in the mid-1980s.
Glenn Hartman, Westland’s general partner, did not return a phone call for comment.
The 250-room hotel at the River Ridge Golf Course probably will remain open even if the bank loan is foreclosed, officials said.
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