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BUSINESS
January 22, 2009 | Roger Vincent
Hilton Hotels Corp., one of Southern California's marquee businesses, will pull up stakes this year and move from Beverly Hills to the Washington, D.C., area, the company said Wednesday. The famous hotel operator has been headquartered in Beverly Hills since 1969 but was taken over in 2007 by corporate buyout giant Blackstone Group in a $26-billion deal that converted Hilton from a publicly traded Fortune 500 company to a private one.
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ENTERTAINMENT
April 9, 2014 | By Joe Flint
After the coffee. Before watching a Senate hearing in my pajamas. The Skinny: I think I've mentioned that I finally started watching "Sons of Anarchy. " I enjoy it but do have to wonder, is there no media outlet wondering why this small California town seems overrun with violence? Anyway, today's roundup includes Comcast and Time Warner's efforts to make the case for its merger. Also, the Weather Channel and DirecTV make peace and Sony gets some new financing. Finally, the NFL gives Draft Day a thumbs up. Daily Dose: This morning, the Senate Judiciary Committee will hold a hearing to discuss Comcast's proposed acquisition of Time Warner Cable.
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CALIFORNIA | LOCAL
February 29, 2000
Hilton Hotels Corp. said it has converted its Red Lion brand hotel in Glendale to a Hilton hotel. The Hilton Glendale at 100 W. Glenoaks Blvd. is one of 40 Hilton brand hotels in the metropolitan Los Angeles area. Hilton develops, owns and manages or franchises 1,700 hotels resorts and vacation properties, including the Red Lion Hotel & Inn chain.
BUSINESS
June 26, 2013
1950: Builders break ground July 5 on the Hotel Statler, which opens Aug. 6, 1952. 1954: Hilton Hotels buys the Statler hotel chain. Building is renamed Statler Hilton. 1968: $2.5-million renovation completed in November. Building is renamed Los Angeles Hilton. 1989: Korean Air buys the property for $168 million. Name changes to Omni Los Angeles in 1995. 1999: Name changes to Wilshire Grand Hotel. 2011: Hotel closes in December. 2012: Hotel holds liquidation sale.
BUSINESS
October 29, 1985
Hilton Hotels said the Las Vegas-based casino operator had notified the estate of Conrad N. Hilton and the Hilton Foundation that it is still interested in buying the estate's controlling 27.4% stake in the Beverly Hill-based hotel chain for the same $72 a share, or $488 million, that was offered and rejected last April.
BUSINESS
May 11, 1990 | TOM FURLONG, TIMES STAFF WRITER
Hilton Hotels Chairman Barron Hilton said Thursday that his company may again try to open a casino in Atlantic City, N.J., and might even buy back what is now the Trump Castle Hotel & Casino, owned by New York developer Donald J. Trump.
BUSINESS
August 1, 2007 | From Times Wire Services
Hilton Hotels Corp. reported strong earnings growth in the second quarter as it prepared to be acquired by the Blackstone Group. The Beverly Hills-based worldwide hotel and resort company reported net income of $165 million, or 40 cents a share, up from $144 million, or 35 cents, in the same period last year. Revenue rose to $2.085 billion from $2.005 billion a year earlier. Excluding one-time items, earnings per share increased to 38 cents for the quarter, the company said.
BUSINESS
January 21, 1997 | Times Staff and Wire Reports
Chartwell Leisure Inc. said it will build, own and manage 20 Hilton Garden Inn hotels through a $200-million, three-year agreement with Hilton Hotels Corp.'s franchising arm. Construction of the first inn will start soon at the Albuquerque International Airport, the New York-based company said. Chartwell, which operates about 130 hotels, also said Beverly Hills-based Hilton approved the conversion of Chartwell's 207-room San Diego Travelodge to a full-service Hilton hotel.
BUSINESS
November 9, 1998 | KAREN KAPLAN
Pool? Room service? How about wireless Internet access? Beverly Hills-based Hilton Hotels Corp. will begin offering wireless Internet access early next year. A guest will be able to insert an Ethernet local-area-network card into a laptop computer, and the card will transmit data to access points in the hotel's meeting rooms and ballrooms at speeds 10 to 50 times faster than a typical modem.
BUSINESS
April 25, 1985
The Las Vegas-based casino operator, which previously offered to buy a controlling share in Hilton Hotels from the estate of founder Conrad Hilton, declined to say what it bid for Hilton's nearly completed, $300-million hotel-casino in Atlantic City, N.J. Hilton previously disclosed that it has had a bid on the same property from New York developer Donald Trump.
BUSINESS
May 26, 2013 | By Hugo Martin
If you stay at any of the Hilton Hotels & Resorts, DoubleTree by Hilton or Embassy Suites Hotels in North America, South America and Central America you will find only one brand of coffee and tea in each room. Hilton Worldwide, one of the world's largest hotel chains, has signed an exclusive agreement with Los Angeles-based Coffee Bean and Tea Leaf to provide the coffee and tea in the sealed packets that guests find in their room starting this summer. If you are a fan of Starbucks or Seattle's Best, don't fret.
BUSINESS
April 22, 2013 | By E. Scott Reckard, Los Angeles Times
A federal foreclosure-prevention effort that earmarked nearly $2 billion in taxpayer money to help troubled California homeowners has delivered only about one-sixth of that money in three years. But officials from the Keep Your Home California program say the pace of payouts is finally set to increase. That's because more banks, including the largest mortgage servicers, have agreed to use the funds to slash the loan principal amounts for certain borrowers. Until now, many borrowers seeking aid from the program have been frustrated.
CALIFORNIA | LOCAL
February 13, 2012 | By Andrew Blankstein, Robert Faturechi and Gerrick D. Kennedy, Los Angeles Times
When paramedics arrived at Whitney Houston's hotel suite in Beverly Hills, they found her unresponsive in the bathtub, and officials said that drowning is one of the possible causes of death being investigated. The Los Angeles County coroner's office said it performed an autopsy on the singer's body Sunday, but deferred any conclusion about her death until toxicology results are available, in six to eight weeks. Sources who were briefed on the probe Sunday said drowning is one of several scenarios investigators are exploring.
BUSINESS
November 8, 2011 | By Roger Vincent, Los Angeles Times
The bunny is bouncing back to Beverly Hills. Playboy Enterprises Inc. will move its Southern California offices to the former Hilton Hotels headquarters near Beverly Hills City Hall, the magazine publisher said Monday. Playboy, based in Chicago, has agreed to rent 45,000 square feet in a building owned by Tishman Speyer. The New York developer acquired the former Hilton buildings at 9336 and 9346 Civic Center Drive in January and launched a $30-million makeover of the complex built in the 1980s in hope of making it appeal to prosperous tenants.
BUSINESS
July 16, 2011 | By Hugo Martín, Los Angeles Times
At the Hilton Los Angeles/San Gabriel, the aroma of green tea mixes with the scent of fried crullers and rice porridge at the breakfast buffet. Such traditional Chinese breakfast items — served alongside American classics like bacon, eggs and coffee — will probably become more common with the anticipated explosion of Chinese visitors to the country over the next few years. They are part of new efforts unveiled this week by hotel giants Hilton and Starwood to appeal to Chinese visitors to the U.S. The number of visitors from mainland China has more than tripled since 2000 and is expected to triple again by 2015.
BUSINESS
January 26, 2011 | By Roger Vincent, Los Angeles Times
The vacant former headquarters of Hilton Hotels Corp. in Beverly Hills has been purchased by a New York landlord, underscoring the growing strength of the commercial real estate market as investors swoop in on upscale properties. On Tuesday, Tishman Speyer bought the two adjoining office buildings on Civic Center Drive from Hilton. The hotelier was acquired by corporate buyout giant Blackstone Group in 2007 and moved from Beverly Hills to McLean, Va., in 2009 to be closer to Blackstone's New York headquarters.
BUSINESS
January 18, 1986
Hilton Hotels reported that its fourth-quarter earnings were off 37.6%. A major factor was a substantially lower level of non-operating profit in the most recent period, compared to a year earlier. But the company said it was also hurt by labor strikes against United Airlines and New York City hotels, sizable renovation costs at the Waldorf-Astoria in New York and the Capital Hilton in Washington, a depressed market in many cities and poor gambling returns in Reno.
BUSINESS
April 10, 2002 | From Bloomberg News
Hilton Hotels Corp. cut President and Chief Executive Stephen F. Bollenbach's pay 29% to $2.1million last year as the third-largest hotel company failed to meet profit goals. Bollenbach, 59, was paid $1 million in salary, $900,000 in a bonus and $205,245 in other compensation including matching contributions to a 401(k) plan, the company said in a filing with the Securities and Exchange Commission. In 2000 he was paid $2.95 million, including a $1.
BUSINESS
January 22, 2009 | Roger Vincent
Hilton Hotels Corp., one of Southern California's marquee businesses, will pull up stakes this year and move from Beverly Hills to the Washington, D.C., area, the company said Wednesday. The famous hotel operator has been headquartered in Beverly Hills since 1969 but was taken over in 2007 by corporate buyout giant Blackstone Group in a $26-billion deal that converted Hilton from a publicly traded Fortune 500 company to a private one.
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