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BUSINESS
January 9, 1990 | From Associated Press
The Copacabana Palace Hotel, a Rio landmark that once hosted European royalty and Hollywood movie stars but fell on hard times, has been taken over by the American businessman who restored Europe's Orient Express train. "The Copa," on Rio's famous Copacabana Beach on the South Atlantic coast, has been declining for more than 20 years. But James Sherwood has pledged to restore the hotel's glory.
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NEWS
June 10, 1992 | Associated Press
Secret Service agents and the White House press corps will stay at two of Rio's many "love motels"--where rooms normally rent by the hour--because of President Bush's belated decision to attend the Earth Summit. That was the best the U.S. Consulate could manage after Bush finally confirmed that he would attend. The President arrives Thursday and is booked at nicer digs--the Sheraton Hotel, one of Rio's very best.
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BUSINESS
March 21, 1990 | WILLIAM R. LONG, TIMES STAFF WRITER
Reports of crime and grime have soiled beautiful Rio's reputation for sun and fun, sending the tourism industry into a slump. Hotel occupancy in the Southern Hemisphere's summer tourism season now ending is off by about one-fourth from the previous season, according to trade estimates. Even during Carnival, Rio's famed pre-Lenten extravaganza, occupancy rates were as low as 75%, down from the usual 95%. Travel business leaders say stories in the U.S.
BUSINESS
March 21, 1990 | WILLIAM R. LONG, TIMES STAFF WRITER
Reports of crime and grime have soiled beautiful Rio's reputation for sun and fun, sending the tourism industry into a slump. Hotel occupancy in the Southern Hemisphere's summer tourism season now ending is off by about one-fourth from the previous season, according to trade estimates. Even during Carnival, Rio's famed pre-Lenten extravaganza, occupancy rates were as low as 75%, down from the usual 95%. Travel business leaders say stories in the U.S.
NEWS
June 10, 1992 | Associated Press
Secret Service agents and the White House press corps will stay at two of Rio's many "love motels"--where rooms normally rent by the hour--because of President Bush's belated decision to attend the Earth Summit. That was the best the U.S. Consulate could manage after Bush finally confirmed that he would attend. The President arrives Thursday and is booked at nicer digs--the Sheraton Hotel, one of Rio's very best.
BUSINESS
December 6, 1988 | NANCY YOSHIHARA, Times Staff Writer
After 26 years of trying to find a hotel in Tokyo to manage, Westin Hotels & Resorts said Monday that its name will go up on a new 500-room luxury hotel to be built by Sapporo Breweries Ltd. The Seattle chain, which has 65 hotels worldwide, will operate the Westin Hotel, Tokyo, under a 20-year management agreement signed with Yoshitaka Takakuwa, president of the Japanese beer company. The hotel, estimated to cost $240 million, is to open in 1993 as part of Sapporo's $1.
BUSINESS
December 26, 1988 | NANCY YOSHIHARA, Times Staff Writer
Chieko Nakamura Aoki's husband isn't as well known as Ivana Trump's Donald, nor are her New York hotel holdings as vast as Leona Helmsley's. But she is right up there among these grand dames of the hotel business.
BUSINESS
October 28, 1987 | ROBERT E. DALLOS, Times Staff Writer
Allegis Corp., the parent company of United Airlines, said Tuesday that it will sell its Westin Hotels subsidiary for $1.53 billion, essentially completing the major restructuring of the company announced in June. The 62-hotel worldwide chain is being bought by the Robert M. Bass Group of Fort Worth and Aoki Corp. of Japan, supported by the Industrial Bank of Japan. Of the purchase price, Allegis said, $1.
BUSINESS
January 9, 1990 | From Associated Press
The Copacabana Palace Hotel, a Rio landmark that once hosted European royalty and Hollywood movie stars but fell on hard times, has been taken over by the American businessman who restored Europe's Orient Express train. "The Copa," on Rio's famous Copacabana Beach on the South Atlantic coast, has been declining for more than 20 years. But James Sherwood has pledged to restore the hotel's glory.
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