Others have simply closed (the Waterfront Hotel, the Hilton airport hotel) or been foreclosed (the Residence Inn/AC Hotel downtown). Perhaps the most high-profile case was the Oakland Marriott City Center, which opened in 1983. Its former owner, Hong Kong-based Gaw Capital, defaulted on its property loan earlier this year. Creditor Invesco seized the property at a foreclosure auction for half the purchase price Gaw spent in 2017. Meanwhile, workers protested last fall over stalled contract negotiations.