New Bid for Hotel Investors: The Los...
From Times Staff and Wire Reports
New Bid for Hotel Investors: The Los Angeles-based real estate investment trust and hotel operator said it received a revised offer from First West Capital Corp. to acquire all of its outstanding shares for $5.25 per share, or just more than $60 million. That tops a previous $5-per-share offer from First West and Park Plaza Inc., a Japanese concern.
