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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.
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
May 22, 1990
Hotel Investors Trust, a Woodland Hills real estate investment trust, and Hotel Investors Corp. of San Diego said they formally agreed to their previously announced sales of 27 hotels to EIE International Corp. of Japan and its affiliate, Park Plaza Inc., for $152.2 million. Hotel Investors Trust invests in hotels and Hotel Investors Corp. manages them. Shares of the two companies are paired and trade together on the New York Stock Exchange, and their financial results are reported together.
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.
BUSINESS
April 3, 1990
Hotel Investors Trust and Hotel Investors Corp. reported a $60.3-million loss for 1989 and revised a plan to sell most of their hotels. Woodland Hills-based Hotel Investors Trust invests in hotels and gaming properties, and Hotel Investors Corp. manages them. The companies' stocks are paired and trade together, and they jointly report their financial results. The companies said the loss last year included $55.
BUSINESS
October 31, 1989 | MICHAEL FLAGG, TIMES STAFF WRITER
Thomas Pagliuso Design Associates said Monday that it had won a contract worth more than $4 million to design the expansion and renovation of three Japanese-owned hotels in French Polynesia and the construction of a new resort. Tokyo-based EIE International Corp. recently bought the three hotels and is spending more than $50 million to renovate them. A large, privately held conglomerate, EIE is a big player in the international resort business.
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