Real Taste of India Restaurant Closes Following Shilo Inn Closure in Bend

BEND, Ore. (KTVZ) -- The Real Taste of India Restaurant has closed following the closure of the Shilo Inn.

KTVZ News went to the property on Thursday afternoon and found a sign posted on the door stating the restaurant was permanently closed.

The Real Taste of India was located at the former Shilo Inn property, which is currently in the process of being sold to a new owner through the court system.

Below, you can find KTVZ's previous reporting on the property.

BEND, ORE. (KTVZ) -- The former Shilo Inn in Bend is now pending sale as part of an ongoing Chapter 7 bankruptcy case. The property was listed for sale on February 6th and officially reached mutual acceptance with a Buyer on February 23rd. The deadline to submit offers to purchase was by end-of-business-day on February 17th.

The 179-room hotel, located near the Deschutes River, is being sold through the U.S. Bankruptcy Court for the Western District of Washington. 

Under the terms outlined in the Summary of Requirements for Purchase and Sale Agreement, the sale must receive final approval from the Bankruptcy Court after public notice and a hearing. Any competing offers received before that court hearing can be considered, with the current bidder having the opportunity to match higher bids.

The listing broker handling the sale is Kristan Kellogg of Varsity Real Estate. Offers were required to include a $200,000 deposit and proof of financing sufficient to close the transaction.

Documents show that the Buyer will assume the restaurant lease on the property, but will not retain rights to the “Shilo Inn” name — the sign must be removed or covered before reopening under a new brand.

The sale does not include ATMs or vehicles located on the premises, and any Buyer is expected to complete detailed property and environmental inspections within 30 days of offer acceptance.

The pending sale marks the next step in the liquidation of the long-standing Bend hotel, which closed after more than three decades of operation. The court is expected to approve the sale later this spring.

KTVZ News will continue following this story as new details emerge regarding the ultimate Buyer and plans for the property.

BEND, Ore. (KTVZ) -- It's rare to find riverfront property in Central Oregon, and it's especially hard to find it up for sale, but that's exactly what's happening with Bend's Shilo Inn. The 7.5-acre riverfront property is being listed this week by Varsity Real Estate.

According to Oregon real estate broker Kristan Kellog, Varsity Real Estate is listing the Shilo Inn for $14 million.

This comes after Shilo Inn abruptly shut its doors "temporarily," according to a sign on the front door. Shortly after, KTVZ News found that its owners had filed for bankruptcy, along with two other Shilo Inns locations in Oregon. One in Warrenton and another in Newport.

Matthew Draxton got a tour on Monday of the hotel that began as the Touch of Class Motor In in the 1980s. He'll have an exclusive look inside the now-closed hotel on KTVZ News at 6:00 p.m.

Once the property hits the market, Varsity Real Estate "will show the property over the next week and a half to potential investors. And then the bankruptcy court will call for all offers, as of February 16th," Kellog said.

"At that point, they will review all of them and choose the highest and best offer, which will then be submitted to the Bankruptcy Court," she said.

Kellog added that bankruptcy attorneys hope to fast-track the process and sell in 60 days. With an aggressive timeline, potential buyers will now only have about 30 days to assess the property and make their offer.

From addressing leaky roofs and asbestos ceilings to sewage replacement and a general facelift, Kellog adds the facilities are in need of major upgrades.

Despite this, she said the Shilo Inn "has really good bones, like really good bones.

"So to see someone come in and just bring this place back to life and make it a part of the Bend community again would be amazing," Kellog insisted.

This is a developing story, and KTVZ News will provide updates as soon as possible.