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Standard Hotel Development Co

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CALIFORNIA | LOCAL
August 18, 1987 | FREDERICK M. MUIR, Times Staff Writer
A group of San Francisco-area investors said it has offered nearly $50 million to buy the landmark Ambassador Hotel in Los Angeles and plans to spend at least $50 million more to refurbish the 66-year-old, 500-room hotel if the bid is successful. The group, led by restaurant operator James Sochin, made its second, sweetened pitch to the Ambassador's owners last week and expects to have a response by the end of next week.
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CALIFORNIA | LOCAL
August 18, 1987 | FREDERICK M. MUIR, Times Staff Writer
A group of San Francisco-area investors said it has offered nearly $50 million to buy the landmark Ambassador Hotel in Los Angeles and plans to spend at least $50 million more to refurbish the 66-year-old, 500-room hotel if the bid is successful. The group, led by restaurant operator James Sochin, made its second, sweetened pitch to the Ambassador's owners last week and expects to have a response by the end of next week.
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