>Creditor aims to seize 2 Marriott hotels in Thousand Oaks California

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>Two Thousand Oaks Marriott hotels in default on a $25 million construction loan and facing foreclosure are just the latest indication that the region’s hotels have been hit hard by a decline in tourism and a sour commercial real estate market.

The neighboring hotels on Newbury Road — a Marriott TownePlace Suites and a Courtyard by Marriott — are owned and operated by Ocean Park Hotels, a San Luis Obispo-based firm. The lender, Nationwide Life Insurance Co., is seeking to foreclose and put the hotels into receivership, according to a suit filed this month in Ventura County Superior Court.

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