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Ritz Carlton Huntington Hotel

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BUSINESS
October 3, 1994 | From Times Staff and Wire Reports
Ritz-Carlton Huntington Hotel Sale Completed: The $14.3-billion Los Angeles County Employees Retirement Assn. confirmed that it completed the purchase of the venerable Ritz-Carlton Huntington Hotel in Pasadena from Dai-Ichi Kangyo Bank Ltd. of Japan. Brentwood-based Lowe Enterprises Inc., an investment manager for the fund, handled the $40-million to $45-million sale for the fund, said Ted Leary, president of Lowe Enterprises Investment Management, Lowe's pension fund advising subsidiary.
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BUSINESS
October 3, 1994 | From Times Staff and Wire Reports
Ritz-Carlton Huntington Hotel Sale Completed: The $14.3-billion Los Angeles County Employees Retirement Assn. confirmed that it completed the purchase of the venerable Ritz-Carlton Huntington Hotel in Pasadena from Dai-Ichi Kangyo Bank Ltd. of Japan. Brentwood-based Lowe Enterprises Inc., an investment manager for the fund, handled the $40-million to $45-million sale for the fund, said Ted Leary, president of Lowe Enterprises Investment Management, Lowe's pension fund advising subsidiary.
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CALIFORNIA | LOCAL
August 24, 1993
The Ritz-Carlton Huntington Hotel in Pasadena is scheduled to be auctioned today in front of a title company office in Rosemead. The auction comes after a 30-day postponement apparently failed to produce an agreement between the hotel's owners and creditors. The four partners who own the hotel have been in default for several months on a $106.4-million loan from Dai-Ichi Kangyo Bank.
BUSINESS
August 13, 1994 | PATRICK LEE and RICHARD WINTON, TIMES STAFF WRITERS
The Los Angeles County Employees Retirement Assn., the state's fourth-largest public pension fund, made the winning bid for the landmark Ritz-Carlton, Huntington Hotel in Pasadena, sources close to the deal confirmed Friday. The sources, who asked not to be identified, confirmed that the winning bid of between $40 million and $45 million came from investors led by the Pasadena-based $14.3-billion pension fund that covers 80,000 county employees and 40,000 retirees.
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
June 11, 1994 | DAVID W. MYERS, TIMES STAFF WRITER
In the latest sign that Japanese investors are abandoning the U.S. market nearly as fast as they came here a decade ago, the Tokyo-based bank that owns the Ritz-Carlton Huntington Hotel in Pasadena is trying to sell the landmark facility at what is expected to be a steep loss. The 383-room complex, rebuilt from the ground up after the original Huntington was declared seismically unsafe in 1985, is one of 10 California properties and loans that banking giant Dai-Ichi Kangyo Bank Ltd.
BUSINESS
August 13, 1994 | PATRICK LEE and RICHARD WINTON, TIMES STAFF WRITERS
The Los Angeles County Employees Retirement Assn., the state's fourth-largest public pension fund, made the winning bid for the landmark Ritz-Carlton, Huntington Hotel in Pasadena, sources close to the deal confirmed Friday. The sources, who asked not to be identified, confirmed that the winning bid of between $40 million and $45 million came from investors led by the Pasadena-based $14.3-billion pension fund that covers 80,000 county employees and 40,000 retirees.
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.
NEWS
March 11, 1991 | MARY LOU LOPER, TIMES STAFF WRITER
Let the good times roll. The gallant Huntington in Pasadena has debuted as the haute couture Ritz-Carlton, Huntington Hotel after an elegant $100 million refurbishing. The hotel promises to be the drawing card for major social events in the Southland.
REAL ESTATE
February 28, 1999
Eight historic summer "cottages" next to the Ritz-Carlton Huntington Hotel in Pasadena, as well as the hotel's Clara Vista Cottage, right, will be open for viewing from 10 a.m. to 4 p.m. March 12 and 13 during the San Marino League's Art Walk XXII, which benefits the Japanese Garden at the Huntington Library and the Art Center College of Design. Tickets are $30. For reservations, call (626) 577-9975.
BUSINESS
June 11, 1994 | DAVID W. MYERS, TIMES STAFF WRITER
In the latest sign that Japanese investors are abandoning the U.S. market nearly as fast as they came here a decade ago, the Tokyo-based bank that owns the Ritz-Carlton Huntington Hotel in Pasadena is trying to sell the landmark facility at what is expected to be a steep loss. The 383-room complex, rebuilt from the ground up after the original Huntington was declared seismically unsafe in 1985, is one of 10 California properties and loans that banking giant Dai-Ichi Kangyo Bank Ltd.
CALIFORNIA | LOCAL
August 24, 1993
The Ritz-Carlton Huntington Hotel in Pasadena is scheduled to be auctioned today in front of a title company office in Rosemead. The auction comes after a 30-day postponement apparently failed to produce an agreement between the hotel's owners and creditors. The four partners who own the hotel have been in default for several months on a $106.4-million loan from Dai-Ichi Kangyo Bank.
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.
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.
NEWS
March 11, 1991 | MARY LOU LOPER, TIMES STAFF WRITER
Let the good times roll. The gallant Huntington in Pasadena has debuted as the haute couture Ritz-Carlton, Huntington Hotel after an elegant $100 million refurbishing. The hotel promises to be the drawing card for major social events in the Southland.
FOOD
February 5, 2003
Candy class, 10 a.m. Saturday. Ritz-Carlton, Huntington Hotel & Spa, 1401 S. Oak Knoll Ave., Pasadena. (626) 585-6240. $50. Kids ages 7 to 12 will learn to make lollipops and Valentine's candies at this hands-on class in the pastry kitchen of the Huntington Hotel. A kitchen tour, safety lesson and baking techniques are included.
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