Ontario Airport Hotel & Conference Centre, situated near Ontario International Airport in the US, is being offered for sale through a bankruptcy auction.
The property’s owner Morgan Group Holding, through Starbridge (Ontario) Investment, filed for bankruptcy as per court records from California’s Central District, reported The Real Deal.
Hilco Real Estate Sales has now announced the bid deadline to be 9 July, with the sale pending Bankruptcy Court approval.
Hilco Real Estate Sales National Hotel Team head Keith Worsham 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 Centre represents a significant investment prospect in the vibrant Inland Empire region.”
The hotel, occupying 8.48 acres, is located off Interstate 10, minutes from the Ontario Convention Centre.
Spanning approximately 232,430ft², the hotel has 309 rooms.
It features a range of amenities including a restaurant and bar, a coffee shop, an outdoor pool, and a fitness room.
The property also offers more than 22,000ft² of meeting and banquet space, with the main tower hosting 16 separate breakout spaces.
Additionally, it offers 5,300ft² for receptions of up to 750 guests and an executive boardroom.
Ontario Airport Hotel & Conference Centre, which completed a partial overhaul last year, operates as an independent hotel.
Hilco Real Estate Sales executive vice president Jeff Azuse said: “Whether maintaining its independent status or rebranding with a leading hotel chain, new ownership can significantly enhance the value and performance of this asset.”
