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Starwood Lodging Corp

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BUSINESS
June 27, 1994 | From Times Staff and Wire Reports
Local Realty Trust to Merge: Starwood Capital Group of Westport, Conn., said it has agreed to trade an unspecified number of its hotels for controlling stakes in Los Angeles-based Hotel Investors Trust and its affiliate, Hotel Investors Corp. The real estate investment trust will be renamed Starwood Lodging Trust, and Hotel Investors Corp. will be renamed Starwood Lodging Corp.
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BUSINESS
June 27, 1994 | From Times Staff and Wire Reports
Local Realty Trust to Merge: Starwood Capital Group of Westport, Conn., said it has agreed to trade an unspecified number of its hotels for controlling stakes in Los Angeles-based Hotel Investors Trust and its affiliate, Hotel Investors Corp. The real estate investment trust will be renamed Starwood Lodging Trust, and Hotel Investors Corp. will be renamed Starwood Lodging Corp.
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BUSINESS
January 18, 1997 | Times Staff and Wire Reports
Extended Stay America Inc. said it will buy Studio Plus Hotels Inc. for $290 million in stock, almost doubling billionaire H. Wayne Huizenga's holdings in extended-stay hotels. The agreement values Studio Plus at $22.86 a share, based on Thursday's closing price for Extended Stay. Lexington, Ky.-based Studio Plus shares rose $5.125 to close at $19.875 on Nasdaq. Fort Lauderdale, Fla.-based Extended Stay shares lost $1.625 to close at $17, also on Nasdaq.
BUSINESS
October 22, 1997 | JAMES F. PELTZ and JESUS SANCHEZ, TIMES STAFF WRITERS
If Hilton Hotels Corp.'s takeover bid for ITT Corp. ends up being trumped by Barry Sternlicht and his Starwood Lodging Trust, Hilton could lay much of the blame on the U.S. Tax Code. Sternlicht, 36, built Starwood Lodging from the ruins of a bankrupt hotel investment firm rooted in the San Fernando Valley using an arcane tax loophole to renew Wall Street's interest in the company.
CALIFORNIA | LOCAL
August 25, 1997 | ABIGAIL GOLDMAN, TIMES STAFF WRITER
A new guard of developers and property owners has quietly crept into Westwood Village, buying up key commercial buildings, hiring architects and leasing out stores in a neighborhood that has seen steady decline for more than a decade. The changes in ownership are widely regarded as a prelude to an influx of new merchants, marking the best chance for a revitalized Westwood since the 1920s, when the Janss Investment Corp. first announced its plans for a "high-quality shopping complex."
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