LA Hyatt House Hotel at USC Heads to Foreclosure Auction Amidst Legal Battle Between Developer and Lender
The Hyatt House hotel in Los Angeles is facing a foreclosure auction after defaulting on a $61.5 million loan from Westbrook Partners, amidst a civil case between the developer and lender.
According to a notice of trustee's sale, the Hyatt House hotel located on the University of Southern California's health sciences campus is headed to a foreclosure auction. The hotel, a five-story, 200-key property developed by the Mayer Corporation, is just a short walk from USC's medical center.
The Mayer Corporation had secured a $61.5 million refinancing loan from Westbrook Partners four years ago, but has since defaulted on the debt. In late July and early August, entities connected to the Mayer Corporation and Westbrook Partners were involved in a civil case over the hotel. Westbrook Partners had requested a receiver...
Originally reported by The Real Deal.
https://therealdeal.com/la/2025/09/03/hyatt-house-hotel-foreclosure-auction/