OTHER NEWS - Nov. 16, 1991
From Times Staff and Wire Reports
Redondo Beach Hotel Sold: In an all-cash deal, affiliates of GlenFed Development Corp. in Encino have sold the 339-room Sheraton at Redondo Beach Hotel and office plaza, according to a Salomon Bros. unit, which brokered the deal. Other terms were not disclosed. Salomon would identify the buyer only as “a major international hotel and beverage conglomerate.â€
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