January 25, 1996
The 222-unit Crown Sterling suites hotel has been acquired by a Texas hotel chain that will convert the property to an Embassy Suites hotel later this year. FelCor Suite Hotels Inc. of Garland, Texas, said it will spend $50 million refurbishing the Anaheim property and 15 other Crown Sterling hotels recently bought for conversion to Embassy Suites hotels.
June 13, 1997 |
Beverly Hills-based Hilton Hotels Corp. wants a federal court to stop ITT Corp. from selling any of its hotels or casino properties without first allowing Hilton to bid on the properties. New York-based ITT, which owns Caesars Palace in Las Vegas and the Sheraton hotels, has agreed to sell five properties to Dallas-based FelCor Suite Hotels Inc. and is considering selling several other major properties as part of its defense against Hilton's hostile takeover bid.
October 15, 1997 |
Beverly Hills-based Hilton Hotels Corp. Chief Executive Stephen Bollenbach said he will seek to reverse three sales agreements totaling $625 million reached by ITT Corp. if it succeeds in its $11.5-billion takeover attempt. Bollenbach said Hilton will seek to undo ITT's $200-million sale of five hotels to FelCor Suite Hotels Inc.