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REAL ESTATE
November 24, 1985
The $83-million, 750-room Stouffer Concourse Hotel at Los Angeles International Airport, the first Stouffer property in California, has been topped out and is scheduled to open in mid-1986. The 12-story project on the south side of Century Boulevard, between Aviation and La Cienega boulevards, is being developed jointly by Stouffer Hotel Co., Solon, Ohio, and Watt High-Rise Inc., Santa Monica. Covered parking will be provided for 1,100 cars.
REAL ESTATE
September 1, 1985
Construction is expected to start late this year on a $65-million, 400-room luxury resort to be developed in Indian Wells by Stouffer Hotel Co. and Daon Corp. Stouffer will operate the resort to be constructed on California 111 about 13 miles southeast of Palm Springs. Completion is scheduled for the fall of 1987, and the complex is being built on land owned by Stouffer and Daon.
REAL ESTATE
August 10, 1986
Stouffer Hotels' first California property is scheduled to open Monday at 5400 W. Century Blvd., near Los Angeles International Airport. Known as the Stouffer Concourse Hotel, the $83-million, 750-room project is the 24th hotel in the Stouffer chain. It is also the company's first in the West, although others are planned. A 550-room hotel in Indian Wells and a 500-room resort in Tucson are expected to be completed in late 1988. The Los Angeles hotel is a joint development of Stouffer Hotel Co.
CALIFORNIA | LOCAL
February 11, 1988 | GREG JOHNSON, Times Staff Writer
Stouffer Hotel Co. will build an $87-million, 425-room luxury resort hotel and an 18-hole golf course in an unincorporated area near Jamul, the Solon, Ohio-based company said Wednesday. The hotel is a joint development with Los Montanas Estates, a local investment group that includes San Diego attorney Peter Aylward. Los Montanas Estates' four general partners include Aylward & Associates, Eisenberg & Associates, Sunbelt Resorts and LM Estates Inc.
NEWS
October 21, 1986 | DIANE REISCHEL, Time Staff Writer
The stars were out, decked in jewels and tuxedos. Singers Julio Iglesias and Leslie Uggams, actors Alexis Smith and Ernest Borgnine--all came to support what has become a favorite Hollywood cause: the Betty Ford Center at Rancho Mirage. "How could I not support this? It saved my life," said producer/manager Jeff Wald, who snuffed out a cocaine habit last spring at the drug rehabilitation center. But the stars weren't the only ones who turned out for the benefit dinner Saturday night.
CALIFORNIA | LOCAL
February 13, 1988 | TOM GORMAN, Times Staff Writer
The prospect baffles Jamul real estate broker Ken Rupe: that in a couple of years, tourists from New York, Chicago or Detroit--or even Los Angeles--might seek out Jamul, of all places, for a resort-style golf vacation. C'mon. Jamul? La Costa, maybe, or Mission Bay. But Jamul? "We're on a two-lane highway that doesn't go anywhere. If you're up to your kazoo in snow, are you going to want to come back to some laid-back, redneck community like ours?" he asks.
REAL ESTATE
June 11, 1989 | RUTH RYON, Times Staff Writer
Oil heiress Caroline Rose Hunt was stunned, the story goes, when she got four offers in April for her 92-room Hotel Bel-Air at more than $1 million a room. Never before had a hotel in the United States sold at the $1-million-a-room mark, and Hunt thought her 1940s landmark was only worth in the $600,000-a-room range, said Chris Leinberger of Robert Charles Lesser & Co., a Los Angeles-based real estate consulting firm. A Tokyo company, Sekitei Kaihatsu, closed escrow in late May at a total purchase price of about $110 million, or $1.1 million a room.
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