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Ambassador Hotel

CALIFORNIA | LOCAL
June 2, 1987 | ERIC MALNIC, Times Staff Writer
Owners of the venerable Ambassador Hotel, which closed two-thirds of its 525 rooms last month in a cost-cutting measure, filed a petition with the city Monday for permission to destroy all the structures on the 23.5-acre property. The hotel, a casualty of shifting real estate values and an overbuilt hotel market, reportedly has posted substantial losses over the last five years and has been up for sale since 1985.
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CALIFORNIA | LOCAL
May 3, 1987
The Ambassador Hotel, a favorite oasis for the rich and famous in bygone days, will be closing most of its guest rooms later this month. The closing is designed to save money until the fate of the well-known Los Angeles hotel is determined, spokeswoman Margaret Burk said. The 66-year-old hotel has been up for sale for about a year. "They are holding up on doing a lot of renovating until they determine what they should do," Burk said.
CALIFORNIA | LOCAL
October 1, 2004 | Jean Merl, Times Staff Writer
A son of Robert F. Kennedy, standing blocks from the spot where his father was assassinated in 1968, said Thursday he believed the Los Angeles Unified School District should demolish the Ambassador Hotel to build schools without preserving any of it as a monument.
CALIFORNIA | LOCAL
May 26, 2000
In an effort to end a 10-year legal battle, the owners of the former Ambassador Hotel offered Thursday to pay the Los Angeles Unified School District $20 million and deed the district up to 12 acres of the landmark on Wilshire Boulevard for a middle school. The offer from Wilshire Center Marketplace came on the same day the California Court of Appeal turned down the partnership's request for an order preventing the school district from foreclosing on the 23.5-acre site.
CALIFORNIA | LOCAL
August 18, 1987 | FREDERICK M. MUIR, Times Staff Writer
A group of San Francisco-area investors said it has offered nearly $50 million to buy the landmark Ambassador Hotel in Los Angeles and plans to spend at least $50 million more to refurbish the 66-year-old, 500-room hotel if the bid is successful. The group, led by restaurant operator James Sochin, made its second, sweetened pitch to the Ambassador's owners last week and expects to have a response by the end of next week.
NEWS
July 18, 1989 | ELAINE WOO, Times Education Writer
The Los Angeles Board of Education on Monday formally approved a plan to buy the newly sold Ambassador Hotel and build a new 2,000-student high school. In order to acquire the historic 23.5-acre property, however, the district would have to purchase it from Anglo-Wilshire Partners, the investment group that agreed to buy the property for an undisclosed price earlier this month from the J. Myer Schine family.
NEWS
January 14, 1990 | TOM FURLONG, TIMES STAFF WRITER
Donald J. Trump, the brash and controversial builder from Manhattan, announced plans in Los Angeles on Saturday that apparently would lead to the demolition of the historic Ambassador Hotel as part of a mammoth commercial and residential redevelopment expected to cost more than $1 billion. Trump also confirmed that his plans may include construction of the nation's tallest building--125 stories--on the hotel site, nearly 24 acres in the mid-Wilshire area.
CALIFORNIA | LOCAL
July 14, 2010 | By Howard Blume, Los Angeles Times
The price tag for a complex of schools at the site of the famed Ambassador Hotel has become the Los Angeles Unified School District's most expensive school project, now surpassing $578 million. The latest cost increase, approved Tuesday by the Board of Education, adds $6.6 million for expenses related mostly to safety and historic preservation at the complex for 4,200 students. The main campus of the Robert F. Kennedy Community Schools will open this fall. Two small schools already operate on the back portion of the 24-acre Koreatown site.
CALIFORNIA | LOCAL
August 6, 1998 | JESUS SANCHEZ, TIMES STAFF WRITER
Nearly a decade after proposing to build the world's tallest building on the site of the old Ambassador Hotel, real estate tycoon Donald Trump said Wednesday that he has pulled out of the project, blaming Los Angeles school officials for foiling his plans. "The district's actions have badly hurt the area," Trump said in a statement announcing the sale of his stake in the partnership that owns the 28-acre site on Wilshire Boulevard.
CALIFORNIA | LOCAL
September 12, 2004 | Cara Mia DiMassa, Times Staff Writer
After years of debate over the fate of the Ambassador Hotel, Los Angeles schools Supt. Roy Romer has selected a plan to save some historically significant elements of the hotel but demolish most of it in favor of a new kindergarten-through-12th-grade school on the 23-acre site. The $318.
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