BANKING

Glendale Federal Forecloses on Hotel: Lawyers for Glendale Federal Bank said they completed a more than yearlong effort to foreclose on a $70-million loan owed by the owners of the San Francisco Airport Marriott. The move makes Glendale Federal the hotel’s owner. The bank said it will continue to operate the property as a Marriott hotel until it can be sold. The hotel’s path to foreclosure began in March, 1993, when a limited partnership established by Marriott Hotel Corp. as the property’s leaseholder filed for bankruptcy protection.