A Documentary Film by Camilo Silva

1986

Posted by on Feb 28, 2015 in Uncategorized | 0 comments

The landmark Ambassador Hotel is for sale.

BRIEFLY

May 03, 1986
A hotel spokeswoman confirmed the news but would make no further comment. The announcement that the mid-Wilshire hotel was on the market was made by Los Angeles City Councilman John Ferraro. The Ambassador, owned by Schine Enterprises, opened in 1921 and became a well-known Los Angeles landmark. It is the hotel where Sen. Robert F. Kennedy was assassinated in 1968. http://articles.latimes.com/1986-05-03/business/fi-3261_1_ambassador-hotel

L.A.’s Historic Ambassador Hotel Will Be Offered for Sale Today

March 06, 1989
The historic Ambassador Hotel, once a playground for film stars, business tycoons and even royalty–and the site of Sen. Robert F. Kennedy’s assassination in June, 1968–will be offered for sale today through a sealed bidding process, the owners announced. The 68-year-old, mid-Wilshire hotel closed its doors last January amid reports that a joint venture of British and American developers was negotiating to buy the property for $60 million.

The partnership included London-based Walker Power Corp. Ltd., owners and developers of retail and leisure facilities primarily in Britain, and Scott Malkin, a New York City developer whose family owns or has controlling interests in the Empire State Building and commercial properties nationwide. Morgan-Stanley Realty in New York said that under the new bidding process, potential buyers for the

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23.5-acre site can submit a preliminary “non-binding offer” by June 1. After that, a select group of bidders will be invited to submit formal, binding offers. The seller is the J. Myer Schine family trusts. Schine, a theater and hotel magnate who died in 1971, bought the Ambassador in 1946.

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