BUSINESS
June 14, 1988
Hotel Investors Corp., a management company whose stock is paired with Hotel Investors Trust and trades singularly as Hotel Investors, said it will operate two Las Vegas hotel-casinos owned by Hotel Investors Trust of Woodland Hills. Hotel Investors Corp., based in San Diego, acquired a leasehold interest in the properties and certain gaming equipment at the hotels for about $2 million. A leasehold interest represents Hotel Investors Corp.'s right to manage the buildings under a lease.
BUSINESS
May 6, 1986
Hotel Investors Corp. and its operating company, Hotel Investors Trust, both of Chevy Chase, Md., have agreed in principle to acquire Woodland Hills-based Hotel Properties in an exchange of stock valued at more than $90 million, Hotel Properties reported. The companies are all real estate investment trusts. No date was set for completion of the deal, which hinges on approval by the three boards. Hotel Properties, with rental revenue for 1985 of nearly $8.
BUSINESS
May 22, 1990
Hotel Investors Trust and Hotel Investors Corp., which jointly report their financial results and have their stocks paired on the New York Stock Exchange, said they lost $1.11 million in the first quarter, compared with a year-earlier loss of $388,000. The deeper loss in the quarter that ended March 31 came despite an increase in the companies' revenue to $29.3 million from $27.5 million and mainly reflected lower earnings at their two hotel-casinos in Las Vegas, the companies said.