March 25, 2005 at 10:32 pm in Uncategorized
Well slap my ass and call me Sally! Looks like our old haunt The Milennium Biltmore Hotel has been put up for sale. Longtime b.la readers know we had a bunch of get together / hang out and have drinks kind of things there about this time last year but stopped after we were informed of the current labor dispute. I wonder if the sale would effect that? From the Downtown News:
The Millennium Biltmore Hotel at 506 S. Grand Ave. has been put up for sale by owner WHB Corp., part of Millennium & Copthorne Hotels. The company, which bought the four-star, European Renaissance-inspired landmark in 1999, has hired CB Richard Ellis to sell the property. Although no price has been disclosed, Rick Kirkbride, chair of the resort, restaurant and recreation practice group for Downtown-based law firm Paul, Hastings, Janofsky & Walker, said he expects the hotel to sell for no more than $200 million.
At 1.2 million square feet, the 683-room Biltmore was the largest hotel west of the Mississippi River when it opened in 1923. It has hosted everyone from presidents to movie stars, as well as early Academy Awards ceremonies. In 2002 the hotel’s grand ballroom, the Biltmore Bowl, underwent a $3 million renovation. The city designated the hotel a historical landmark in 1969.