Advertisement
YOU ARE HERE: LAT HomeCollectionsFelcor Suite Hotels Inc
IN THE NEWS

Felcor Suite Hotels Inc

FEATURED ARTICLES
BUSINESS
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.
ARTICLES BY DATE
Advertisement
BUSINESS
June 13, 1997 | (Staff and wire reports)
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.
BUSINESS
October 15, 1997 | Bloomberg News
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.
BUSINESS
March 25, 1998 | Bloomberg News
FelCor Suite Hotels Inc. agreed to buy Bristol Hotel Co.'s hotel properties for about $1.8 billion in stock and assumed debt in a deal that would make it the largest owner of Holiday Inns. The purchase would more than double the number of properties owned by FelCor, which has hotels under such brands as Embassy Suites. FelCor expects the move to add to earnings as it renovates the hotels to boost occupancy and room rates. FelCor would swap about 0.
BUSINESS
April 21, 1998 | From Bloomberg News
FelCor Suite Hotels Inc. agreed to buy eight hotels from Starwood Hotels & Resorts for $245 million, adding to its stable of Embassy Suites hotels. Six of the properties will remain or be converted to the Embassy Suites brand, which makes up the majority of FelCor's hotels. The other two will be Sheraton hotels.
Los Angeles Times Articles
|