The hotel component of M+D Properties’ Buena Park retail and entertainment center The Source has filed for bankruptcy.
The Chapter 11 last week for The Source Hotel LLC was filed in California Central Bankruptcy Court. The entity listed assets and liabilities each in the range of $50 million to $100 million.
The seven-story, 178-room Hilton Hotel sits on the eastern side of The Source and was to be operated by Interstate Hotel & Resorts.
The Source Beach Boulevard mixed-use project, which opened in 2016, also includes office space in addition to some 400,000 square feet of retail, restaurants and entertainment.