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Allegis Sells Westin Hotel Chain

October 27, 1987|From Reuters

CHICAGO — Allegis Corp. said today that it agreed to sell its Westin Hotel & Resorts unit for $1.53 billion to the Robert Bass Group of Texas and Aoki Corp. of Japan, supported by the Industrial Bank of Japan.

Allegis, the parent of United Airlines, said in June that it would break up the company and sell off non-airline pieces.

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