April 25, 1989
ITT Corp.: The New York-based conglomerate reported net income of $200 million for the first quarter, a 12% increase over a year ago. Consolidated sales and revenue for the period were $4.8 billion, an increase of 6%. The company's service businesses registered gains during the quarter with the exception of the Hartford, which reflected a general downturn in domestic property and casualty underwriting. ITT Financial posted gains primarily as a result of higher levels of loan activity.
CALIFORNIA | LOCAL
November 11, 1987
The Sheraton hotel chain has announced that it will sever ties with Pasadena's landmark Huntington Hotel, which it once owned and now manages, and will build a new hotel in the city. Sheraton spokesmen said the company will end its management duties Jan. 11 because it does not agree with the current owners' plans to replace the main building with a luxury hotel. The main building was closed in 1985 when studies showed it might not withstand a major earthquake. Lary Mielke, head of Gemtel Corp.
September 21, 1986
Howard P. (Bud) James, former chairman and chief executive officer of the Sheraton Corp., has formed Global Hospitality Corp. to provide hotel owners and developers with a full range of management and consulting services. The firm is at 9171 Towne Centre Drive, San Diego.
April 26, 1986 |
Robert Lowell Moore, co-founder of the Sheraton Corp. hotel chain, has died at age 90. Moore, who died Wednesday, began buying depressed real estate, including two hotels, in 1934 with his Harvard University roommate Ernest Henderson. A third hotel, the Sheraton in Boston, was bought for back taxes owed the city. Because of the large electric sign on the roof advertising the hotel, the pair took its name for future sites.
August 4, 1985
On behalf of the Denver Sheraton Airport Hotel and the Sheraton Corp., I apologize for the poor guest experience Jerry Hulse had at our hotel. The inconvenience and poor service encountered is atypical of the service and standards we strive to provide our guests. I assure Jerry Hulse that the necessary corrective action has been implemented to correct our mistake and assure a quality experience for all of our guests. LYNNE A. ROSS general manager Denver Sheraton Airport Hotel