Marriott Near LAX in Receivership

A Marriott hotel near LAX is in deep trouble after defaulting on a $45 million loan, now officially in receivership as its owner, Seaview Investors, agrees to hand it back to the lender. The hotel’s cash flow has plummeted 38% this year, part of a broader crisis hitting L.A. hotels post-pandemic. Rising costs, plummeting tourist traffic—especially from international travelers—and shifting perceptions due to homelessness, wildfires, and immigration enforcement are all weighing on the industry. While some big deals and major events like the World Cup and Olympics offer hope, many properties are struggling to survive. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/af89bbdb1329a2bb