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CALIFORNIA | LOCAL
November 4, 2008 | Cara Mia DiMassa, DiMassa is a Times staff writer.
The two scantily-clad women lounging in the street-level hotel room on downtown's Main Street barely get a notice from most passersby -- nor, for that matter, do the three hunky men hanging off bunk beds in a similar windowed setup next door. The actor-models, who are doing a monthlong stint in the glass-walled rooms, are there to advertise the Stay, a new boutique hotel and youth hostel that opened recently on Main Street, between 6th and 7th streets.
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TRAVEL
March 4, 2012 | By Catharine Hamm, Los Angeles Times
President's Day weekend seemed to be a turning point for gasoline prices, which look to be increasing faster than a speeding bullet. If the trend continues, analysts say, we may see $5 a gallon and beyond. That will put into play some of the measures that made the gas price run-up of 2008 (in June, gas reached $4.62 a gallon) so painful: taxi cab and shuttle service fuel surcharges, hotel energy surcharges and ever higher air fares. Ouch. It may even cross your mind to scuttle your driving vacation.
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CALIFORNIA | LOCAL
May 6, 1997 | DEBRA CANO
The City Council today will consider a proposal to build a three-story Extended Stay hotel with 122 rooms in Anaheim Hills. In March, the Planning Commission voted down the project, saying it was too dense for the 2 1/2-acre site at the northeast corner of Santa Ana Canyon Road and Riverview Drive. Michael J. Gallen, representing Extended Stay America of Signal Hill, appealed the decision to the council, which continued the public hearing from April 15.
BUSINESS
January 23, 2012 | By Roger Vincent, Los Angeles Times
A Pennsylvania developer has spent $85 million on a Beverly Hills apartment complex it plans to turn into a luxurious extended-stay hotel. Korman Communities bought the Crescent Beverly Hills apartments from C-III Capital Asset Management. The upscale apartments at 155 N. Crescent Drive were completed in 2006. When the property reopens this summer, it will be called AKA Beverly Hills. Rent for the AKA's 88 suites will start at about $400 a night and guests must agree to stay a minimum of 30 days, Korman said.
CALIFORNIA | LOCAL
February 5, 1998 | SYLVIA L. OLIANDE
A second extended-stay hotel has been proposed for Ventura Boulevard. The newest proposal, on a long-vacant parcel of land across from Taft High, would have more than 200 rooms available for business people staying an average of two weeks at a time. Florida-based Extended Stay America, which has four hotels in Southern California, expects to serve businesses in Warner Center. The company has just begun the bureaucratic process with the city to build the hotel.
CALIFORNIA | LOCAL
August 13, 1998 | SUE FOX
The city has approved a conditional-use permit for construction of an extended-stay hotel on Ventura Boulevard, across the street from Taft High School. The hotel, proposed by Florida-based Extended Stay America, would consist of two buildings with 211 guest rooms for businesspeople staying an average of two weeks at a time. The company expects to serve businesses in Warner Center.
BUSINESS
January 22, 2012 | By Roger Vincent
A Pennsylvania developer spent $85 million on a Beverly Hills apartment complex it plans to turn into a luxurious extended-stay hotel. Korman Communities bought the Crescent Beverly Hills apartments from C-III Capital Asset Management. The upscale apartments at 155 N. Crescent Drive were completed in 2006. When the property reopens this summer, it will be called AKA Beverly Hills. Rent for the AKA's 88 suites will start at about $400 a night and guests must agree to stay a minimum of 30 days, Korman said.
BUSINESS
May 29, 2010 | Bloomberg News
A group of investors won a bankruptcy auction for hotel chain Extended Stay Inc. with a $3.9-billion bid, two people familiar with the matter said Friday. Extended Stay, which filed for bankruptcy protection last June, selected the proposal by Paulson & Co., Centerbridge Partners and Blackstone Group over a rival bid from Starwood Capital Group and TPG Capital after an all-night auction, the people said. The two groups were competing for months to invest in Extended Stay and its portfolio of more than 600 hotels.
BUSINESS
April 19, 2007 | From the Associated Press
One of the country's largest private real estate investors, Lightstone Group, will buy Extended Stay Hotels from private equity firm Blackstone Group for $8 billion, a sign that investors see strength ahead for the booming hotel sector. Lightstone announced the deal Wednesday. It will finance the deal with $1 billion in cash and $7 billion in debt. Extended Stay Hotels -- the biggest owner of mid-priced extended-stay hotels -- owns 683 properties with 76,000 rooms in 44 states across the U.S.
BUSINESS
January 21, 1998 | MELINDA FULMER, SPECIAL TO THE TIMES
Shifting employment patterns are driving a boom in extended-stay hotel construction throughout Southern California as skilled workers travel to meet short-term needs in such growing fields as entertainment and technology. Demand for these so-called knowledge workers is behind the development of hotels catering to business travelers who need to hunker down for weeks at a time.
BUSINESS
May 29, 2010 | Bloomberg News
A group of investors won a bankruptcy auction for hotel chain Extended Stay Inc. with a $3.9-billion bid, two people familiar with the matter said Friday. Extended Stay, which filed for bankruptcy protection last June, selected the proposal by Paulson & Co., Centerbridge Partners and Blackstone Group over a rival bid from Starwood Capital Group and TPG Capital after an all-night auction, the people said. The two groups were competing for months to invest in Extended Stay and its portfolio of more than 600 hotels.
CALIFORNIA | LOCAL
November 4, 2008 | Cara Mia DiMassa, DiMassa is a Times staff writer.
The two scantily-clad women lounging in the street-level hotel room on downtown's Main Street barely get a notice from most passersby -- nor, for that matter, do the three hunky men hanging off bunk beds in a similar windowed setup next door. The actor-models, who are doing a monthlong stint in the glass-walled rooms, are there to advertise the Stay, a new boutique hotel and youth hostel that opened recently on Main Street, between 6th and 7th streets.
TRAVEL
March 16, 2008 | Valli Herman, Times Staff Writer
When your wanderlust, occupation or toxic remodeling project causes you to uproot, chances are you're landing in limbo, a.k.a. temporary housing. Southern California is full of rentals with Murphy beds, kitchenettes and inflexible and pricey monthly leases. The area overflows with beautiful hotels that will cater to you like an adoring grandmother. What it doesn't have is a good selection of extended-stay hotels that blend the comfort of an inn and your home.
BUSINESS
April 19, 2007 | From the Associated Press
One of the country's largest private real estate investors, Lightstone Group, will buy Extended Stay Hotels from private equity firm Blackstone Group for $8 billion, a sign that investors see strength ahead for the booming hotel sector. Lightstone announced the deal Wednesday. It will finance the deal with $1 billion in cash and $7 billion in debt. Extended Stay Hotels -- the biggest owner of mid-priced extended-stay hotels -- owns 683 properties with 76,000 rooms in 44 states across the U.S.
TRAVEL
June 26, 2005 | Arthur Frommer, Special to The Times
Periodically, I catch up with travel industry news and let you know about things that may affect your upcoming travels. Here are a few such items. Norwegian Cruise Lines has expanded its fleet with 12 more -- mainly new -- ships, each with balcony cabins and up to 10 restaurants ("freestyle dining whenever you like").
CALIFORNIA | LOCAL
August 13, 1998 | SUE FOX
The city has approved a conditional-use permit for construction of an extended-stay hotel on Ventura Boulevard, across the street from Taft High School. The hotel, proposed by Florida-based Extended Stay America, would consist of two buildings with 211 guest rooms for businesspeople staying an average of two weeks at a time. The company expects to serve businesses in Warner Center.
CALIFORNIA | LOCAL
February 5, 1998 | SYLVIA L. OLIANDE
A second extended-stay hotel has been proposed for Ventura Boulevard. The newest proposal, on a long-vacant parcel of land across from Taft High, would have more than 200 rooms available for business people staying an average of two weeks at a time. Florida-based Extended Stay America, which has four hotels in Southern California, expects to serve businesses in Warner Center. The company has just begun the bureaucratic process with the city to build the hotel.
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