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California  + Inland Empire  + Distressed Assets  |  June 26, 2024
Paul Bubny
By: Paul Bubny

Hilco Markets Ontario Airport Hotel in Bankruptcy Sale

Hilco Real Estate Sales set July 9 as the qualifying bid deadline for the Chapter 11 bankruptcy sale of the 309-key Ontario Airport Hotel & Conference Center located in Ontario, located near Ontario International Airport and the Ontario Convention Center.

The 232,430-square-foot hotel features ample meeting space, a restaurant and bar, coffee shop, outdoor pool and fitness room. Currently operating as an independent hotel, this property presents a significant opportunity for new ownership to partner with renowned national and international hotel brands, said Hilco. The offering allows for acquisition of a performing asset at a substantial discount to replacement cost.

Keith Worsham, head of the national hotel team at Hilco Real Estate Sales, said, “This is a unique opportunity to acquire a well-performing hotel property in a key location. With its extensive amenities and potential for brand affiliation, the Ontario Airport Hotel & Conference Center represents a significant investment prospect in the vibrant Inland Empire region.”

The sale is subject to Bankruptcy Court approval.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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