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Sheraton Universal Hotel

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BUSINESS
April 22, 2010 | By Roger Vincent, Los Angeles Times
The long-troubled Sheraton Universal Hotel is officially on the market now, real estate brokers said Wednesday. The 20-story tower in Universal City is one of the best-known hostelries in Southern California, but it has been in financial trouble since the recession brought the hotel industry to its knees. Los Angeles-based real estate developer and landlord Lowe Enterprises paid $122 million for the 451-room hotel at the top of the market in 2007 and spent $25 million on improvements to the guest rooms and public spaces.
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BUSINESS
January 6, 2011 | By Roger Vincent, Los Angeles Times
A Chinese real estate firm with one Los Angeles hotel in its fold closed on a deal to buy the Sheraton Universal hotel, showing a growing trust in a recovery of the hospitality industry and the rising interest of Asian investors in U.S. commercial property. The price of the Sheraton was not disclosed, but industry experts who tracked the deal said Shenzhen New World Group Co. paid about $90 million for the 451-room inn overlooking Universal City. That would make it a deep discount from the $122 million that previous owner Lowe Enterprises paid for the hotel at the top of the market in 2007.
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FOOD
May 27, 1998 | DANAE CAMPBELL
Taste premium tequilas Herradura, Don Julio, Corralejo and others, and dine from a Southwestern buffet that includes shrimp, chicken, lobster, beef and lamb. Tuesday, 6 p.m. Sheraton Universal Hotel, Baja Pool and Patio, 333 Universal Terrace Parkway, North Hollywood. (818) 766-5272. Reservations required, $38.
BUSINESS
April 22, 2010 | By Roger Vincent, Los Angeles Times
The long-troubled Sheraton Universal Hotel is officially on the market now, real estate brokers said Wednesday. The 20-story tower in Universal City is one of the best-known hostelries in Southern California, but it has been in financial trouble since the recession brought the hotel industry to its knees. Los Angeles-based real estate developer and landlord Lowe Enterprises paid $122 million for the 451-room hotel at the top of the market in 2007 and spent $25 million on improvements to the guest rooms and public spaces.
CALIFORNIA | LOCAL
January 25, 1994 | DAVID WHARTON, TIMES STAFF WRITER
Sunday mornings, Telly Savalas would hang around the bar at the Sheraton-Universal Hotel, sipping coffee, still in his slippers, watching football games on television. "What's the line on this one?" someone would ask. Savalas would shrug. "I got 6 1/2." Forget the lollipops and the "Who loves ya, baby?" At this Universal City hotel, Savalas was one of the guys. A regular. He kept a third-floor suite and was around so often that the management named the downstairs bar after him.
CALIFORNIA | LOCAL
May 4, 1994 | TERESA ANN WILLIS
If security staff member Dan Ellis had to pen a script about his experience at the Universal Sheraton during the Jan. 17 earthquake, he would write a science fiction movie. "It reminded me of the 'Poseidon Adventure,' " Ellis said. "All the plants and trees had been tossed aside like the hotel had been turned upside down. It felt like a giant, angry baby just stomping the hotel."
BUSINESS
January 6, 2011 | By Roger Vincent, Los Angeles Times
A Chinese real estate firm with one Los Angeles hotel in its fold closed on a deal to buy the Sheraton Universal hotel, showing a growing trust in a recovery of the hospitality industry and the rising interest of Asian investors in U.S. commercial property. The price of the Sheraton was not disclosed, but industry experts who tracked the deal said Shenzhen New World Group Co. paid about $90 million for the 451-room inn overlooking Universal City. That would make it a deep discount from the $122 million that previous owner Lowe Enterprises paid for the hotel at the top of the market in 2007.
ENTERTAINMENT
March 7, 1988
Actor John Randolph will be honored at a luncheon tribute on Sunday at the Sheraton Universal Hotel. Celebrities and politicians including actor Dennis Weaver and Mayor Tom Bradley, will celebrate Randolph's Tony Award for "Broadway Bound" and his election as chairman of the National Council of American-Soviet Friendship. Tickets are $50. Information: (213) 221-7672.
CALIFORNIA | LOCAL
November 10, 2000
On Tuesday night an event occurred that hasn't happened in Los Angeles for a long time. At the Sheraton Universal Hotel, in one room, hundreds of deputy district attorneys, defense lawyers and L.A. County judges gathered and celebrated. While each sector may have had its own personal reasons for celebrating Steve Cooley's win, the genuine camaraderie among these usually warring factions spoke well of Cooley's ability to reach out to the whole criminal justice legal community, or of years of Gil Garcetti karma coming home to roost.
NEWS
September 27, 1990
The Hollywood Chamber of Commerce celebrated the 30th birthday of its Walk of Fame with a bash at which celebrities mixed with local merchants, and the chamber's 1990-91 officers and board of directors were installed. At the event, held last Friday evening at the Sheraton Universal Hotel in Universal City, chamber president Larry Kaplan saluted the Walk of Fame as one of the most enduring and popular tourist attractions.
FOOD
May 27, 1998 | DANAE CAMPBELL
Taste premium tequilas Herradura, Don Julio, Corralejo and others, and dine from a Southwestern buffet that includes shrimp, chicken, lobster, beef and lamb. Tuesday, 6 p.m. Sheraton Universal Hotel, Baja Pool and Patio, 333 Universal Terrace Parkway, North Hollywood. (818) 766-5272. Reservations required, $38.
CALIFORNIA | LOCAL
May 4, 1994 | TERESA ANN WILLIS
If security staff member Dan Ellis had to pen a script about his experience at the Universal Sheraton during the Jan. 17 earthquake, he would write a science fiction movie. "It reminded me of the 'Poseidon Adventure,' " Ellis said. "All the plants and trees had been tossed aside like the hotel had been turned upside down. It felt like a giant, angry baby just stomping the hotel."
CALIFORNIA | LOCAL
January 25, 1994 | DAVID WHARTON, TIMES STAFF WRITER
Sunday mornings, Telly Savalas would hang around the bar at the Sheraton-Universal Hotel, sipping coffee, still in his slippers, watching football games on television. "What's the line on this one?" someone would ask. Savalas would shrug. "I got 6 1/2." Forget the lollipops and the "Who loves ya, baby?" At this Universal City hotel, Savalas was one of the guys. A regular. He kept a third-floor suite and was around so often that the management named the downstairs bar after him.
BUSINESS
December 29, 1998
Southern California Development Forum is presenting its annual real estate forecast, "What's Hot for 1999," from 7:30 a.m. to 9 a.m. on Jan. 12 at the Sheraton Universal Hotel in Universal City. Speaking at the conference will be Andy Ratner of brokerage firm Cushman Realty Corp., capital markets expert Gary Mozer of George Smith Partners and Larry J. Kosmont of real estate consulting firm Kosmont & Associates. Admission is $40 at the door for nonmembers.
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