July 27, 1999 |
The Hotel Nikko at Beverly Hills, which for nine years provided luxury accommodations to a clientele composed mostly of Japanese travelers, is being bought by Le Meridien hotels as part of the international chain's U.S. expansion plans, company officials said Monday. Terms of the deal were not disclosed, but hotel industry observers say the transaction is in escrow for roughly $80 million.
May 29, 1999 |
Hotel Nikko at Beverly Hills is up for sale by its Japanese owners and has attracted more than a dozen bidders with offers as high as $80 million, according to lodging industry consultants and brokers. A new owner would probably affiliate the property with a different hotel brand instead of remaining with Nikko, which has in the past catered primarily to Japanese travelers, according to Alan Reay, president of Atlas Hospitality Group.
February 22, 1998
I read with disbelief the letter from David Tulanian ("Help From Hostel," Feb. 8) in which he said he "read with disbelief" Christopher Reynolds' comment that San Francisco's low-season room rates are an average of $132.50. Tulanian apparently was even more in disbelief following a conference he attended at the Hotel Nikko, when he was offered a post-conference room rate of $150. What rate could he possibly have expected at one of the city's premier hotels? Is Tulanian so untraveled that he expected the luxury of the Nikko at the rate of $17 per night, on which he finally settled at a hostel, for a small room that he shared with one person?
February 8, 1998
I read with disbelief Christopher Reynolds' article, "San Francisco Low Season Is On, but Prices Are Up" (Nov. 9). How can an average room rate of $132.70 be low season anywhere? But this should not stop people from enjoying San Francisco. Last June, I stayed for five nights at the upscale Hotel Nikko at Union Square during a conference. While the conference paid for my room, I discovered I was on my own my final night. The desk clerk informed me that I could stay at the hotel for the "special conference rate" of $150.
CALIFORNIA | LOCAL
January 8, 1992
Beverly Hills planning officials have asked the city of Los Angeles to withhold a permanent certificate of occupancy for a new hotel on La Cienega Boulevard because they think that the hotel plans to violate its occupancy limits by renting out ground-floor guest rooms for meetings. The 304-room Hotel Nikko is south of the Beverly Center in Los Angeles, just outside the Beverly Hills city limits.
January 2, 1992 |
Beverly Hills planning officials have asked the Los Angeles Department of Building and Safety to withhold a permanent certificate of occupancy for a new luxury hotel on La Cienega Boulevard because they believe the hotel's managers intend to violate restrictive occupancy limits. The planning officials want the hotel to agree in writing that five ground-floor rooms will be used exclusively as guest quarters. Their request was made in a letter to the department after the Dec.