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May 25, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
It looks like the Sheraton Hotel Newport Beach will sell for $29.4 million, as the deadline for other offers passed Thursday with no new ones forthcoming. At that price the hotel is not much of a bargain, some brokers said, considering that it was on the block for nearly two years and that the owners once accepted an offer for $1 million less in an earlier deal that fell through.
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BUSINESS
May 25, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
It looks like the Sheraton Hotel Newport Beach will sell for $29.4 million, as the deadline for other offers passed Thursday with no new ones forthcoming. At that price the hotel is not much of a bargain, some brokers said, considering that it was on the block for nearly two years and that the owners once accepted an offer for $1 million less in an earlier deal that fell through.
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