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Inter Continental Hotel

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BUSINESS
November 7, 1996 | EVELYN IRITANI, TIMES STAFF WRITER
A group of wealthy Asian investors is purchasing the swank 17-story Inter-Continental Hotel in downtown Los Angeles for about $50 million, half of what it cost to build just four years ago, according to industry sources. The 439-room Inter-Continental is the latest Southern California property unloaded by debt-ridden Japanese banks, which took over troubled properties purchased at the peak of the Japanese investment boom in the 1980s. The buyers have primarily been U.S.
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NEWS
May 9, 2011 | By Mary Forgione, Los Angeles Times Daily Travel & Deal blogger
Great deals sometimes come at great personal cost, like the super-cheap airfare you scored from L.A. to Europe that makes three stops and takes 20 hours to get there. By the time you touch down, you might be in need of a soft landing. So consider this summer offer from the InterContinental Hotels & Resorts luxury chain: a free night on a five-night stay plus 100 euros (about $148) in hotel credit. The deal: InterContinental hotels aren't cheap; room rates start around $300 a night in top European cities.
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CALIFORNIA | LOCAL
October 8, 1992 | ALICIA DI RADO, TIMES STAFF WRITER
As hundreds of applicants waited in line outside a new downtown hotel for job interviews Wednesday, about 25 union demonstrators demanded that management immediately allow employees to vote on whether to unionize. The protesters from Local 11 of the Hotel Employees & Restaurant Employees Union, joined by representatives from several community organizations, demonstrated in front of the Inter-Continental Hotel in Bunker Hill's California Plaza.
TRAVEL
August 7, 2005 | Jane Engle, Times Staff Writer
THE Willard InterContinental, a historic hotel near the White House that has hosted power brokers for decades, is making a pitch for vacationers to Washington. Under the tutelage of its new French general manager, Herve Houdre, a veteran of the tony Hotel de Crillon and Hotel Plaza Athenee in Paris, the Willard has opened a sidewalk cafe on Pennsylvania Avenue, put up a history gallery and started serving afternoon tea.
BUSINESS
January 21, 1997 | JESUS SANCHEZ, TIMES STAFF WRITER
Asian investors have completed the previously reported purchase of the Inter-Continental Hotel in downtown Los Angeles for less than half what its Japanese owners spent to build it, according to people familiar with the deal, the latest example of the dramatic tumble in downtown hotel values. The purchase comes at a time of gradual improvement in business for downtown Los Angeles hotels, said hotel industry analyst Bruce Baltin at PKF Consulting.
BUSINESS
December 1, 1992 | JESUS SANCHEZ, TIMES STAFF WRITER
In more than 25 years in the hotel business, Michel Tourniaire has worked through a revolution in Afghanistan and a coup in Thailand. Now comes one of his most daunting assignments yet: opening a hotel in downtown Los Angeles. "I was always dropped into interesting situations," said Tourniaire, who today will greet the first guests at the 439-room Inter-Continental in the midst of a regional recession, a glut of hotel rooms and tensions left over from the Los Angeles riots.
BUSINESS
August 6, 1987 | CHRIS KRAUL, San Diego County Business Editor
Beset by high debt costs, the Hotel Inter-Continental San Diego lost $1.2 million over the first four months of 1987, despite a healthy 82% occupancy rate that was significantly above the local market average. For all of 1986, the hotel lost $7.6 million while operating at a 69% occupancy rate.
NEWS
May 9, 2011 | By Mary Forgione, Los Angeles Times Daily Travel & Deal blogger
Great deals sometimes come at great personal cost, like the super-cheap airfare you scored from L.A. to Europe that makes three stops and takes 20 hours to get there. By the time you touch down, you might be in need of a soft landing. So consider this summer offer from the InterContinental Hotels & Resorts luxury chain: a free night on a five-night stay plus 100 euros (about $148) in hotel credit. The deal: InterContinental hotels aren't cheap; room rates start around $300 a night in top European cities.
BUSINESS
July 23, 1987 | CHRIS KRAUL, San Diego County Business Editor
Hotel Inter-Continental lenders are balking at developer Doug Manchester's demands that they restructure more than $218 million in loans as a condition of Marriott Corp.'s taking over as operator of the financially troubled 681-room hotel.
TRAVEL
August 7, 2005 | Jane Engle, Times Staff Writer
THE Willard InterContinental, a historic hotel near the White House that has hosted power brokers for decades, is making a pitch for vacationers to Washington. Under the tutelage of its new French general manager, Herve Houdre, a veteran of the tony Hotel de Crillon and Hotel Plaza Athenee in Paris, the Willard has opened a sidewalk cafe on Pennsylvania Avenue, put up a history gallery and started serving afternoon tea.
BUSINESS
January 21, 1997 | JESUS SANCHEZ, TIMES STAFF WRITER
Asian investors have completed the previously reported purchase of the Inter-Continental Hotel in downtown Los Angeles for less than half what its Japanese owners spent to build it, according to people familiar with the deal, the latest example of the dramatic tumble in downtown hotel values. The purchase comes at a time of gradual improvement in business for downtown Los Angeles hotels, said hotel industry analyst Bruce Baltin at PKF Consulting.
BUSINESS
November 7, 1996 | EVELYN IRITANI, TIMES STAFF WRITER
A group of wealthy Asian investors is purchasing the swank 17-story Inter-Continental Hotel in downtown Los Angeles for about $50 million, half of what it cost to build just four years ago, according to industry sources. The 439-room Inter-Continental is the latest Southern California property unloaded by debt-ridden Japanese banks, which took over troubled properties purchased at the peak of the Japanese investment boom in the 1980s. The buyers have primarily been U.S.
BUSINESS
December 1, 1992 | JESUS SANCHEZ, TIMES STAFF WRITER
In more than 25 years in the hotel business, Michel Tourniaire has worked through a revolution in Afghanistan and a coup in Thailand. Now comes one of his most daunting assignments yet: opening a hotel in downtown Los Angeles. "I was always dropped into interesting situations," said Tourniaire, who today will greet the first guests at the 439-room Inter-Continental in the midst of a regional recession, a glut of hotel rooms and tensions left over from the Los Angeles riots.
CALIFORNIA | LOCAL
October 8, 1992 | ALICIA DI RADO, TIMES STAFF WRITER
As hundreds of applicants waited in line outside a new downtown hotel for job interviews Wednesday, about 25 union demonstrators demanded that management immediately allow employees to vote on whether to unionize. The protesters from Local 11 of the Hotel Employees & Restaurant Employees Union, joined by representatives from several community organizations, demonstrated in front of the Inter-Continental Hotel in Bunker Hill's California Plaza.
BUSINESS
August 6, 1987 | CHRIS KRAUL, San Diego County Business Editor
Beset by high debt costs, the Hotel Inter-Continental San Diego lost $1.2 million over the first four months of 1987, despite a healthy 82% occupancy rate that was significantly above the local market average. For all of 1986, the hotel lost $7.6 million while operating at a 69% occupancy rate.
BUSINESS
July 23, 1987 | CHRIS KRAUL, San Diego County Business Editor
Hotel Inter-Continental lenders are balking at developer Doug Manchester's demands that they restructure more than $218 million in loans as a condition of Marriott Corp.'s taking over as operator of the financially troubled 681-room hotel.
NEWS
April 23, 2008
Hollywood team building: A caption with an article in Monday's Business section about a firm that turns companies' workers into film crews for a day to foster teamwork, said its accompanying photo showed Greg Cebulski of Lights, Camera, InterAction, left, helping InterContinental Hotel employee Nedim Hasonvic. The photo, above, actually shows, from left, Hasonvic, Rafik Ghazarian, who also works for the hotel, and John Knowles of Lights, Camera, InterAction.
NEWS
January 23, 1986
At least 34 people were killed when a fire broke out in a luxury hotel in southern New Delhi early this morning, police and doctors said. At least five of the victims died of skull injuries when they jumped from the second and third floors of the Sidharth Inter-Continental Hotel to escape the flames that broke out in the banquet hall on the ground floor, a doctor at a nearby hospital said. The doctor said that at least nine of the dead were foreigners.
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