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BUSINESS
December 13, 1989 | TOM FURLONG, TIMES STAFF WRITER
Hotel Investors, a management and investment company in Woodland Hills, said Tuesday that it has agreed to sell 35 hotels for $201 million to two buyers, including the American affiliate of Tokyo-based EIE International. EIE is buying 32 of the hotels for $189 million through Park Plaza, its Dallas-based subsidiary, which owns and operates more than 70 Park Plaza and Park Inn hotels nationwide. The other three hotels are being sold to a second buyer, who was not identified.
BUSINESS
February 2, 1990 | TERESA WATANABE, TIMES STAFF WRITER
A Brentwood-based property firm is developing the first Japanese-owned university in the United States, the most costly and ambitious project among a growing number of Japanese investments in U.S. college campuses. Lowe Enterprises Inc. is developing the school, Washington International University, in Loudoun County, Va., 25 miles outside Washington, on behalf of EIE International Corp., a Japanese real estate and investment firm with $7 billion in assets.
BUSINESS
February 2, 1990 | TERESA WATANABE, TIMES STAFF WRITER
A Brentwood-based property firm is developing the first Japanese-owned university in the United States, the most costly and ambitious project among a growing number of Japanese investments in U.S. college campuses. Lowe Enterprises Inc. is developing the school, Washington International University, in Loudoun County, Va., 25 miles outside Washington, on behalf of EIE International Corp., a Japanese real estate and investment firm with $7 billion in assets.
BUSINESS
December 13, 1989 | TOM FURLONG, TIMES STAFF WRITER
Hotel Investors, a management and investment company in Woodland Hills, said Tuesday that it has agreed to sell 35 hotels for $201 million to two buyers, including the American affiliate of Tokyo-based EIE International. EIE is buying 32 of the hotels for $189 million through Park Plaza, its Dallas-based subsidiary, which owns and operates more than 70 Park Plaza and Park Inn hotels nationwide. The other three hotels are being sold to a second buyer, who was not identified.
BUSINESS
February 27, 1990
Hotel Investors Trust, a real estate investment trust based in Woodland Hills, and Hotel Investors Corp., a San Diego hotel management company, said they agreed to sell their interest in 31 hotels for $185.8 million to Park Plaza Inc., an affiliate of EIE International Corp. of Japan. The trust and the corporation, whose shares are paired and trade on the New York Stock Exchange, have been stung by declining profits and previously announced plans to sell their 36 hotels.
BUSINESS
October 9, 1990 | From a Times Staff Writer
Hotel Investors Trust, the target of separate buyout bids from a Newport Beach investment group and a Japanese company, said Monday that both prospective deals have fallen through. The bids were made by First West Capital Corp. of Newport Beach, which offered $5.25 per share, or $63.5 million, and Park Plaza Inc., an affiliate of Japan's EIE International Corp., which bid $5 a share, or $61 million.
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