Bristol Hotel Company Acquiring 61 Holiday Inn Hotels From Bass; $659 Million Acquisition Makes Bristol North America's Largest Full-Service Hotel Owner/Operator and Largest Holiday Inn Franchisee; Bass Takes 36.1% Stake in Company. Business Wire | December 16, 1996 | COPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

NEW YORK--(BUSINESS WIRE)--Dec. 16, 1996--Bristol Hotel Company (NYSE:BH) of Dallas and Bass of the United Kingdom announced today a definitive agreement under which Bristol will acquire the ownership and/or management of 61 full-service company managed Holiday Inn hotels in the United States and Canada. In the transaction, Bristol will issue to Bass 9.37 million shares of Bristol common stock, purchase certain hotel assets for $91 million, and provide for the retirement of $300 million of existing intercompany debt to Bass. Based on the closing price for Bristol's common ...

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