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Article: Starwood Lodging Acquires 385-Room Radisson Plaza Hotel in Southfield, Mich., for Approximately $40 Million; Company Also Signs $200 Million Three-Year Term Loan.
- Article from:
- Business Wire
- Article date:
- July 18, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHOENIX--(BUSINESS WIRE)--July 18, 1997--Starwood Lodging Trust (the Trust), a real estate investment trust, whose shares are paired and trade together as a unit (NYSE:HOT) with Starwood Lodging Corp. (the Corporation, and together with the Trust, the company or Starwood Lodging), a hotel management and operating company, announced the acquisition of the 385-room Radisson Plaza Hotel at Town Center in Southfield, Mich., from Prudential Insurance Co. for a purchase price of approximately $40 million, or $103,900 per room.
Upon closing, the Corporation has taken over management of the hotel.
"The addition of this full-service upscale hotel adds ...
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Article: Starwood Lodging Trust Acquires 578-Room Hotel on ...
Business Wire;
January 30, 1997 ;
700+ words
... ... BUSINESS WIRE)--Jan. 30, 1997--Starwood Lodging Trust (the "Trust"), a real estate ... together as a unit (NYSE:HOT) with Starwood Lodging Corporation (the "Corporation ... with the Trust, the "Company" or "Starwood Lodging"), a hotel management and operating ...
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