Westin Chicago Lombard Hotel Debt Restructuring
Sector: Car parking • Location: Lombard, Illinois, United States
Source: Bond Buyer
The Westin Chicago Lombard hotel and convention center in Lombard, Illinois, is undergoing a debt restructuring. The project, financed by municipal bonds, has faced financial difficulties since its inception, including bankruptcy in 2017 and multiple defaults on bonds. The new Series 2025 revenue bonds aim to refinance and restructure outstanding Series 2018A bonds, cover unpaid interest, fund res
- Status
- Prospective
- Sector
- Car parking, Hotel, Government, Commercial, Automotive
- Location
- Lombard, Illinois, United States of America
- Updated
- 22 Jul 2026
- Source
- Bond Buyer
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Project Information
Participants
Sponsoring Agency |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Westin Chicago Lombard hotel and convention center in Lombard, Illinois, is undergoing a debt restructuring. The project, financed by municipal bonds, has faced financial difficulties since its inception, including bankruptcy in 2017 and multiple defaults on bonds. The new Series 2025 revenue bonds aim to refinance and restructure outstanding Series 2018A bonds, cover unpaid interest, fund reserve accounts, and pay issuance costs. The hotel includes a 500-room building, convention center, restaurant, banquet space, and parking facilities. |
Original sector | Built Sector |
Budget |
Location
Country | United States of America (USA) |
State | Illinois |
City | Lombard |
Source
Source | Bond Buyer |
URL |
More Details
Record type | Project |
Sector | Car parking, Hotel, Government, Commercial, Automotive |
Article published date | 2025-09-16 |
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