Developer of downtown Portland Block 216 tower, anchored by Ritz-Carlton, faces foreclosure of California hotel

Ritz Carlton

The Ritz Carlton lobby coffee bar, shown on Tuesday, Dec. 5, 2023.Jeff Manning/The Oregonian

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A company led by the developer of Block 216, the newly opened downtown Portland tower anchored by a Ritz-Carlton hotel, has defaulted on a $127 million loan on a California hotel project.

Developer Walter Bowen faces new financial claims against his Viv Hotel, a 12-story, 326-room structure located less than 2 miles from the entrance to Disneyland. The hotel opened in 2020.

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