November 19, 1999 |
Hong Kong-based Regal Hotels International Holdings Ltd. has agreed to sell the Regal Biltmore Hotel in downtown Los Angeles, along with the rest of its U.S. portfolio, to Millennium & Copthorne Hotels in a deal valued at $640 million. London-based Millennium & Copthorne would acquire 28 Regal hotels in the United States, boosting the company's worldwide holdings to 117 properties. As part of the deal, Millennium would assume $370 million in Regal debt.
CALIFORNIA | LOCAL
November 9, 1999 |
While New Year's Eve is usually lucrative for hotels and restaurants, some this year wonder if they will even break even, as the costs of everything from musicians to Year 2000 party hats soar. "We've spent 10 times more than we ever have before," said Pat Holleran, general manager of the Sportsmen's Lodge in Studio City. The big expense is entertainment. The hotel paid $50,000 to hire the Nelson Riddle Orchestra and singer Harry Connick Sr., Holleran said.
October 14, 1999 |
Los Angeles County hotel occupancy remained strong in August as the region continued to host a high volume of leisure and business travelers, spurred by both a healthy domestic economy and improving economic conditions abroad, tourism officials said. Occupancy reached nearly 80% of capacity at county hotels, up 2 percentage points from a year ago, according to PKF Consulting, a San Francisco-based firm that tracks the hospitality industry. January-through-August occupancy stood at 75%.
CALIFORNIA | LOCAL
September 24, 1999 |
A city zoning administrator has ordered a massive cleanup of hotels in downtown's skid row and admonished politicians and charities that conditions in the dilapidated neighborhood have been allowed to fester for far too long.
September 15, 1999 |
More tourists, particularly from Europe and recovering economies in Asia, helped push hotel occupancy in Los Angeles County up 5% in July over the same month a year ago. Occupancy averaged nearly 79% of capacity in July, and early indications are that August could be equally as busy, said Michael Collins, executive vice president for the Los Angeles Convention & Visitors Bureau. The figures came from a survey of local hotels by PKF Consulting in San Francisco.
August 26, 1999 |
Consulting group PricewaterhouseCoopers is forecasting that next year's Democratic National Convention in Los Angeles will generate 87,000 overnight stays at area hotels, boosting average monthly hotel occupancy in the region to more than 80% capacity. The figure represents a bump of no more than 7 percentage points, the company noted, because average regional hotel occupancy for August, the month the convention is scheduled, has been about 76% capacity in recent years.
CALIFORNIA | LOCAL
July 20, 1999 |
The San Fernando Valley doesn't have the concentration of swank and trendy hotels of the Westside, but there are a few establishments here that more than hold their own in the heated competition for business and leisure patrons. The two properties on the bluff in Universal City, adjacent to Universal Studios--the Universal City Hilton and Towers and the Sheraton Universal--outperform the market in occupancy rates and daily room rates.
June 22, 1999 |
Work has begun on a major remodeling of the 30-year-old Westwood Marquis Hotel and Gardens in an effort to attract younger business travelers who prefer contemporary styles and such high-tech amenities as Internet television. The hotel will also emerge from the $20-million make-over with a new name, the W Los Angeles/Westwood, and take its place among a growing chain of similar hotels operated by White Plains, N.Y.-based Starwood Hotels & Resorts, owners of the Sheraton and Westin chains.
June 18, 1999 |
Although it fell short of expectations, an ad campaign aimed at generating tourism dollars related to the recent landmark Van Gogh exhibition in Los Angeles sparked $2.6 million in revenue at scores of local hotels, tourism officials said Thursday. The 17-week exhibition at the Los Angeles County Museum of Art accounted for more than 12,000 overnight stays at roughly 100 hotels.
June 13, 1999 |
See the waitress down there?" From the undulating third-floor balcony of his Standard hotel, Andre Balazs points out an impossibly chic employee sashaying across a sea of blue AstroTurf. She delivers refreshments this bright afternoon in knee-high disco boots and a shimmering Mylar-like skirt. Balazs, for his part, is particularly excited about the blouse. "It has an almost parachute fabric," he says, enthusiasm lighting his hazel eyes and deepening the cleft in his chin. "The collar's up.