Printer Friendly

THE WESTIN BONAVENTURE EMERGES FROM CHAPTER 11 BANKRUPTCY PROTECTION

 LOS ANGELES, Feb. 2 /PRNewswire/ -- "The landmark of Los Angeles," The Westin Bonaventure, returned to normal business operations effective Jan. 1, 1993, following a 15-month sojourn under Chapter 11 Bankruptcy Protection.
 The previous owners, The Los Angeles Bonaventure Co., successfully filed a Plan of Reorganization in late December 1992. As part of this plan, ownership of the project passed to a new entity today. The Hotel Bonaventure Limited Partnership consists of previous partners and, as Managing General Partner, an affiliate of the Equitable Life Assurance Society of the United States.
 A new management agreement has been concluded with Westin Hotels & Resorts, providing for continuity in operating the hotel.
 "The Westin Bonaventure has long occupied an important position in our global family of hotels," remarked Jim Treadway, president, Westin North America. "This is a unique and highly visible property, and we are delighted to continue this management relationship into the future."
 Located in the heart of the city in the center of the business and financial district, the 1,474-room property boasts the largest ballroom accommodating 3,000. The six-level atrium lobby houses 40 restaurants, lounges, shops, boutiques and a nightclub.
 Known as the largest hotel in Los Angeles, The Westin Bonaventure plays a key role in city-wide conventions, as well as major self- contained conventions and meetings, and was the headquarter hotel for NFL Properties during Super Bowl XXVII.
 The Westin Bonaventure is taking a leadership position within the Los Angeles community of hotels as improved business conditions return to the area. The completion of the greatly expanded state-of- the-art Convention Center this year will act as a catalyst to recovery.
 -0- 2/2/93
 /CONTACT: Susan W. Thompson of The Westin Bonaventure, 213-612-4756/


CO: The Westin Bonaventure ST: California IN: LEI SU:

MS-LS -- LA021 -- 2004 02/02/93 15:16 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 2, 1993
Words:302
Previous Article:FLORIDA POWER CORPORATION CALLS 8 3/4 PERCENT BOND SERIES
Next Article:CORNUCOPIA RESOURCES LTD. ANNOUNCES AGREEMENT
Topics:


Related Articles
HOLIDAY SHOPPING PACKAGE WELCOMES THE SEASON AT THE WESTIN BONAVENTURE
HOLIDAY SHOPPING PACKAGE WELCOMES THE SEASON AT THE WESTIN BONAVENTURE
THE WESTIN BONAVENTURE'S 'TAKE CARE SUMMER' HELPS PUT A CHECK ON POVERTY AND HUNGER

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters