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VENTURA COUNTY REVIEW

Oxnard Radisson Hotel Faces Bank Foreclosure

May 03, 1994|Jack Searles

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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