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January 20, 1993 | DAVID W. MYERS, TIMES STAFF WRITER
The posh L'Ermitage Hotel in Beverly Hills, a favorite resting spot for celebrities and wealthy business people, has been sold to a New York-based investment partnership for an estimated $12 million. The investment group, La Hotel Properties Inc., purchased the property from Mission Viejo-based Independence One Bank of California. The deal closed at the end of December, bank President Edward H. Sondker said.
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BUSINESS
February 23, 1993 | From Times Staff and Wire Reports
L'Ermitage to Keep Some Rooms Open: The new owners of the posh L'Ermitage Hotel in Beverly Hills have dumped plans to completely close the facility for about six months while it is being renovated and will instead keep 25 of the hotel's 112 suites open. Lahotel Corp., which purchased the project in December, originally planned to close the entire facility while it remodels some of its rooms and adds a small business center and health club.
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BUSINESS
February 23, 1993 | From Times Staff and Wire Reports
L'Ermitage to Keep Some Rooms Open: The new owners of the posh L'Ermitage Hotel in Beverly Hills have dumped plans to completely close the facility for about six months while it is being renovated and will instead keep 25 of the hotel's 112 suites open. Lahotel Corp., which purchased the project in December, originally planned to close the entire facility while it remodels some of its rooms and adds a small business center and health club.
BUSINESS
January 20, 1993 | DAVID W. MYERS, TIMES STAFF WRITER
The posh L'Ermitage Hotel in Beverly Hills, a favorite resting spot for celebrities and wealthy business people, has been sold to a New York-based investment partnership for an estimated $12 million. The investment group, La Hotel Properties Inc., purchased the property from Mission Viejo-based Independence One Bank of California. The deal closed at the end of December, bank President Edward H. Sondker said.
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