Advertisement
YOU ARE HERE: LAT HomeCollectionsRadisson Plaza Hotel
IN THE NEWS

Radisson Plaza Hotel

FEATURED ARTICLES
BUSINESS
March 31, 1996
The Radisson Plaza Hotel Orange County Airport will be renamed the Orange County Airport Hilton on Monday, formally marking a recent ownership change at the troubled hotel. The hotel was purchased in February by EquiStar Hotel Investors of Washington. Its subsidiary, CapStar Hotels, a leading Hilton franchiser, has announced a $2.5-million renovation, which will include the hotel's exterior, guest rooms and corporate meeting facilities.
ARTICLES BY DATE
BUSINESS
March 31, 1996
The Radisson Plaza Hotel Orange County Airport will be renamed the Orange County Airport Hilton on Monday, formally marking a recent ownership change at the troubled hotel. The hotel was purchased in February by EquiStar Hotel Investors of Washington. Its subsidiary, CapStar Hotels, a leading Hilton franchiser, has announced a $2.5-million renovation, which will include the hotel's exterior, guest rooms and corporate meeting facilities.
Advertisement
BUSINESS
December 25, 1995 | Times Staff and Wire Reports
Irvine Hotel Facing Foreclosure: Orange Country businessman George Yao was working to derail a planned foreclosure against the Radisson Plaza Hotel in Irvine. Yao, who controls 98% of the investment group that owns the hotel, spent Friday negotiating with Bank Midwest, the Kansas City lender that holds a $19.3-million first loan on the 289-room property. Some observers speculated that a bankruptcy filing would be made to head off a planned foreclosure.
BUSINESS
February 24, 1996 | GREG JOHNSON, TIMES STAFF WRITER
A Washington investor group on Friday bought the Radisson Plaza Hotel for an undisclosed price, ending businessman George Yao's long-running struggle to retain control of the Irvine property near John Wayne Airport. The hotel, facing a foreclosure sale Monday, was sold to EquiStar Hotel Investors. EquiStar owns nine hotels nationwide and holds equity interests in about 25 other properties.
BUSINESS
October 19, 1989 | Mary Ann Galante, Times staff writer
The Radisson Plaza Hotel in Irvine won't be opening its doors until November, but it's never too early to start promoting. So the Radisson already has started touting two customer services--special amenities for traveling businesswomen and completely automated front desk operations. For women travelers, the hotel will have a policy of not announcing the patron's name and room number aloud when they register.
BUSINESS
December 15, 1993 | DEBORA VRANA
Bank of America has sued to foreclose on the Radisson Plaza Hotel in Irvine, charging that its owners have defaulted on a $19-million loan. In documents filed Monday in Orange County Superior Court, the bank said that GMY Investment Co., L.P., a limited partnership that owns the hotel, stopped making principal and interest payments in January--pushing the outstanding balance, including late fees, to $20.7 million. A default notice was filed with the court in November, court papers show.
BUSINESS
December 30, 1995 | GREG JOHNSON, TIMES STAFF WRITER
Businessman George Yao and a Kansas City bank have reached an agreement that will delay a planned foreclosure sale involving the Radisson Plaza hotel in Irvine until late in January, an attorney said Friday. Yao, general partner and 98% owner of GMY Investment Co. LP, which owns the hotel, has been negotiating in recent weeks with Bank Midwest, which holds a delinquent $19.3-million first loan on the property.
NEWS
August 11, 1991 | From a Times Staff Writer
Thieves stole a truck loaded with nearly $1 million in jewelry, furs, historic documents and other high-priced merchandise from an Irvine hotel parking lot just hours before they were to have been sold at auction, police said Saturday. It was the second robbery within a week for the victim, Alexander Mahban. On Monday, he lost $5 million in jewelry to thieves in San Diego. "I wish they'd just put a bullet in my head.
BUSINESS
February 24, 1996 | GREG JOHNSON, TIMES STAFF WRITER
A Washington investor group on Friday bought the Radisson Plaza Hotel for an undisclosed price, ending businessman George Yao's long-running struggle to retain control of the Irvine property near John Wayne Airport. The hotel, facing a foreclosure sale Monday, was sold to EquiStar Hotel Investors. EquiStar owns nine hotels nationwide and holds equity interests in about 25 other properties.
NEWS
June 5, 1994 | JAKE DOHERTY
A new promotion by the Radisson Wilshire Plaza Hotel to drum up lunchtime business for its restaurant during noisy subway construction will also benefit Wilshire Center churches and nonprofit organizations. The hotel's Tulips Garden Restaurant offers a 10% discount coupon for its Sunday brunch to members of participating churches. At the end of each month, the hotel donates 10% of the members' purchases back to the church.
BUSINESS
December 30, 1995 | Times Staff and Wire Reports
Irvine Hotel Staves Off Foreclosure: An investment company owned by businessman George Yao has reached an agreement with a Kansas City bank to delay a foreclosure sale of the Radisson Plaza Hotel in Irvine, Yao's attorney said. A foreclosure sale scheduled for Friday was postponed for a month to give Yao time to complete a planned debt restructuring. Yao, general partner and 98% owner of GMY Investment Co., has been negotiating in recent weeks with Bank Midwest, which holds a delinquent $19.
BUSINESS
December 30, 1995 | GREG JOHNSON, TIMES STAFF WRITER
Businessman George Yao and a Kansas City bank have reached an agreement that will delay a planned foreclosure sale involving the Radisson Plaza hotel in Irvine until late in January, an attorney said Friday. Yao, general partner and 98% owner of GMY Investment Co. LP, which owns the hotel, has been negotiating in recent weeks with Bank Midwest, which holds a delinquent $19.3-million first loan on the property.
BUSINESS
December 23, 1995 | GREG JOHNSON, TIMES STAFF WRITER
George Yao, who once bought the most expensive house ever sold in Orange County, was struggling on Friday to prevent the Radisson Plaza hotel in Irvine from sliding into a foreclosure sale next week. Yao spent Friday negotiating with the Kansas City bank that now holds a $19.3-million first loan on the 289-room property, according to Jess Robert Bressi, Yao's Irvine-based lawyer.
NEWS
June 5, 1994 | JAKE DOHERTY
A new promotion by the Radisson Wilshire Plaza Hotel to drum up lunchtime business for its restaurant during noisy subway construction will also benefit Wilshire Center churches and nonprofit organizations. The hotel's Tulips Garden Restaurant offers a 10% discount coupon for its Sunday brunch to members of participating churches. At the end of each month, the hotel donates 10% of the members' purchases back to the church.
BUSINESS
December 15, 1993 | DEBORA VRANA
Bank of America has sued to foreclose on the Radisson Plaza Hotel in Irvine, charging that its owners have defaulted on a $19-million loan. In documents filed Monday in Orange County Superior Court, the bank said that GMY Investment Co., L.P., a limited partnership that owns the hotel, stopped making principal and interest payments in January--pushing the outstanding balance, including late fees, to $20.7 million. A default notice was filed with the court in November, court papers show.
NEWS
August 11, 1991 | From a Times Staff Writer
Thieves stole a truck loaded with nearly $1 million in jewelry, furs, historic documents and other high-priced merchandise from an Irvine hotel parking lot just hours before they were to have been sold at auction, police said Saturday. It was the second robbery within a week for the victim, Alexander Mahban. On Monday, he lost $5 million in jewelry to thieves in San Diego. "I wish they'd just put a bullet in my head.
BUSINESS
December 23, 1995 | GREG JOHNSON, TIMES STAFF WRITER
George Yao, who once bought the most expensive house ever sold in Orange County, was struggling on Friday to prevent the Radisson Plaza hotel in Irvine from sliding into a foreclosure sale next week. Yao spent Friday negotiating with the Kansas City bank that now holds a $19.3-million first loan on the 289-room property, according to Jess Robert Bressi, Yao's Irvine-based lawyer.
BUSINESS
October 19, 1989 | Mary Ann Galante, Times staff writer
The Radisson Plaza Hotel in Irvine won't be opening its doors until November, but it's never too early to start promoting. So the Radisson already has started touting two customer services--special amenities for traveling businesswomen and completely automated front desk operations. For women travelers, the hotel will have a policy of not announcing the patron's name and room number aloud when they register.
Los Angeles Times Articles
|