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Ritz Carlton Hotel Co

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BUSINESS
March 7, 1995 | From Associated Press
A group of investors led by Bethesda, Md.-based Marriott International Inc. has agreed to buy a minority stake in Ritz-Carlton Hotel Co., Marriott announced Monday. According to the agreement, the Marriott group would acquire a 49% interest in the Atlanta-based Ritz-Carlton chain and would have the right to acquire the rest over the next few years. The agreement is to be completed this spring, subject to federal antitrust clearance. The value of the deal was not disclosed.
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BUSINESS
July 6, 1999 | E. SCOTT RECKARD, E. Scott Reckard covers tourism for The Times. He can be reached at (714) 966-7407 and at scott.reckard@latimes.com
The Long Beach firm that designed the lavish Phoenician Hotel for Arizona developer Charles H. Keating Jr. has been selected as architect for the $85-million Ritz-Carlton Irvine, which is scheduled to open in late 2001, catering to high-end business travelers. Killingsworth, Stricker, Lindgren, Wilson & Associates also has built such high-profile properties as the Marriott Palm Desert and Convention Center and the Halekulani in Honolulu.
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BUSINESS
August 19, 1997 | From Times Wire Services
ITT Corp. said Monday that it signed one-year contracts to manage four former Ritz-Carlton hotels owned by billionaire Saudi businessman Sheik Abdul Aziz al Ibrahim, bringing its portfolio of luxury hotels to 53. The hotels--in New York; Aspen, Colo.; Washington; and Houston--are controlled by Al Anwa, the sheik's Los Angeles-based investment company. ITT, which owns the Sheraton hotel chain and the Caesars World casinos, said it expects to sign long-term agreements to manage the hotels.
BUSINESS
May 22, 1999 | ROBIN FIELDS, TIMES STAFF WRITER
A new Ritz-Carlton hotel designed for sophisticated business travelers will be built in Irvine's Park Place near the San Diego Freeway, developers announced Friday. The 15-story, 301-room hotel will cost $85 million and is expected to open in December 2001. The developers of Park Place, Crow Winthrop Development LP, hope the Atlanta-based hotel chain's prestige and reputation for luxury will help attract top-drawer tenants for 1.
CALIFORNIA | LOCAL
January 21, 1994 | LEN HALL, TIMES STAFF WRITER
A New Jersey surgeon and his family are suing the Ritz-Carlton Hotels Co. for more than $750,000 in damages stemming from an unsolved burglary at the luxury hotel here last summer. Dr. Harold Fischer of Short Hills filed the suit in Orange County Superior Court, alleging that the five-star Ritz-Carlton Laguna Niguel failed to protect their $300,000 in cash and jewelry and slandered him and his family during extensive media coverage of the theft.
BUSINESS
August 4, 1997
Ritz-Carlton Hotel Co. pulled out of hotels in New York, Washington, Houston and Aspen, Colo., run by Abdul Aziz al Ibrahim, ending its relationship with the Saudi sheik.
CALIFORNIA | LOCAL
December 11, 1987
The developers of the Huntington Hotel project in Pasadena have signed an agreement with the Ritz-Carlton Hotel Co. to manage a "four-star" luxury establishment at the site. The developer, Gemtel Corp., plans to demolish the 80-year-old hotel and replace it with a similar-looking modern structure. Atlanta-based Ritz-Carlton, which operates five hotels around the country, expects to begin managing the new Ritz-Carlton Pasadena in 1990.
BUSINESS
October 15, 1992 | From Times Staff and Wire Reports
Winners of Baldrige Quality Awards Named: American Telephone & Telegraph Co. won two Malcolm Baldrige National Quality Awards, the Commerce Department said, becoming the first company to do so in one year. AT&T won in two categories: manufacturing, for its Transmission Systems business unit of Morristown, N.J., and in the services category, for AT&T Universal Card of Jacksonville, Fla. The agency announced three other winners as well: Texas Instruments Inc.'
CALIFORNIA | LOCAL
July 22, 1993 | EDMUND NEWTON, TIMES STAFF WRITER
Officials of a Japanese bank who say the owners of Pasadena's Ritz-Carlton, Huntington Hotel have defaulted on a $106.4-million debt have agreed to a one-month delay in the planned auction of the 383-room luxury hotel. A Rosemead title company was scheduled to sell the hotel today to the highest bidder. Thomas Tellefsen, Lary Mielke and a group of limited partners in the Ritz-Carlton have until Aug.
BUSINESS
January 24, 1995 | PATRICK LEE, TIMES STAFF WRITER
For the second time in six months, a financially troubled local Ritz-Carlton resort hotel--this time in Rancho Mirage--has been taken over by new owners as the previous owners struggle to rid themselves of debt problems. The 240-room Ritz-Carlton Rancho Mirage was built seven years ago on 24 acres in Riverside County and has become a popular destination for Southern California's rich and famous. It was taken over last week by Olympus Real Estate Corp.
BUSINESS
August 19, 1997 | From Times Wire Services
ITT Corp. said Monday that it signed one-year contracts to manage four former Ritz-Carlton hotels owned by billionaire Saudi businessman Sheik Abdul Aziz al Ibrahim, bringing its portfolio of luxury hotels to 53. The hotels--in New York; Aspen, Colo.; Washington; and Houston--are controlled by Al Anwa, the sheik's Los Angeles-based investment company. ITT, which owns the Sheraton hotel chain and the Caesars World casinos, said it expects to sign long-term agreements to manage the hotels.
BUSINESS
August 4, 1997
Ritz-Carlton Hotel Co. pulled out of hotels in New York, Washington, Houston and Aspen, Colo., run by Abdul Aziz al Ibrahim, ending its relationship with the Saudi sheik.
BUSINESS
March 7, 1995 | From Associated Press
A group of investors led by Bethesda, Md.-based Marriott International Inc. has agreed to buy a minority stake in Ritz-Carlton Hotel Co., Marriott announced Monday. According to the agreement, the Marriott group would acquire a 49% interest in the Atlanta-based Ritz-Carlton chain and would have the right to acquire the rest over the next few years. The agreement is to be completed this spring, subject to federal antitrust clearance. The value of the deal was not disclosed.
BUSINESS
January 24, 1995 | PATRICK LEE, TIMES STAFF WRITER
For the second time in six months, a financially troubled local Ritz-Carlton resort hotel--this time in Rancho Mirage--has been taken over by new owners as the previous owners struggle to rid themselves of debt problems. The 240-room Ritz-Carlton Rancho Mirage was built seven years ago on 24 acres in Riverside County and has become a popular destination for Southern California's rich and famous. It was taken over last week by Olympus Real Estate Corp.
CALIFORNIA | LOCAL
January 21, 1994 | LEN HALL, TIMES STAFF WRITER
A New Jersey surgeon and his family are suing the Ritz-Carlton Hotels Co. for more than $750,000 in damages stemming from an unsolved burglary at the luxury hotel here last summer. Dr. Harold Fischer of Short Hills filed the suit in Orange County Superior Court, alleging that the five-star Ritz-Carlton Laguna Niguel failed to protect their $300,000 in cash and jewelry and slandered him and his family during extensive media coverage of the theft.
CALIFORNIA | LOCAL
December 7, 1993
A couple who reported a room burglary at the Ritz-Carlton hotel earlier this year filed suit Monday against the Dana Point resort, alleging they lost $110,000 in cash and jewelry. Galina Menaker and Eugene Matusovsky, both of Los Angeles, said that the valuables were taken Sept. 4 from a safe in the room. The loss, they allege, included $1,100 in cash, a $4,500 Rolex watch and a pair of 19th-Century, Russian-made earrings worth $34,000.
CALIFORNIA | LOCAL
July 21, 1993 | EDMUND NEWTON, TIMES STAFF WRITER
The upscale Ritz-Carlton, Huntington Hotel in Pasadena will be auctioned off Thursday morning unless its debt-laden owners can reach a last-minute agreement with their creditors. Owners Lary Mielke and Thomas Tellefsen, who conceded that they are in default on a multimillion-dollar loan from the Dai-Ichi Kangyo Bank, have struggled to stay afloat since the rebuilt hotel opened in March, 1991.
CALIFORNIA | LOCAL
July 22, 1993 | EDMUND NEWTON, TIMES STAFF WRITER
Officials of a Japanese bank who say the owners of Pasadena's Ritz-Carlton, Huntington Hotel have defaulted on a $106.4-million debt have agreed to a one-month delay in the planned auction of the 383-room luxury hotel. A Rosemead title company was scheduled to sell the hotel today to the highest bidder. Thomas Tellefsen, Lary Mielke and a group of limited partners in the Ritz-Carlton have until Aug.
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