Newsday from New York, New York • 74

eia-- jpyWeiWrlHW itiMrmfj5iMrw 1 4 1 ft" Building Conversion HOTEL front Page BOikagu Directions Below IpCiOsOGnMcflncn 4v4 'v SURPLUSSTOCuiDISELAYMODELS mn aOOOOMLYATCLEAEAMCM OUTLET i SALE DOES MOT APPLY TO PEEVtOUS SALE I) mUMM', II ddBBMtft- II IlMdMM. KUIWBS OFF MlCtOWiVl OWE I MOJOTItM 7. C00KT0PS Off I i I lYtlPfH I UM6B' Off, JflMPXJIP- Il 0fF SPECIAL lTtASM7 Jr "i I COMHCMtS SKOAL MOO Off I II ieeiwanwai OFF II ItVJIliEliHT DISHWASHERS SSUBZit0 I -I WASHBtS mm I SPECIAL SPECIAL KfUGtUJOK Mi DOM special 75 OFF jW0D00t special MOO OFF 'OFF I OFF taste UvCtteiKi tact m-BY-SIDE 150 OFF tapte I CligMfl Mew il ii.vjid!M?rrr several Manhattan hotels, but liked the design, and location of the American Standard building. Thebuilding has a residential flavtor to itanyway the way it is designed and the views of the park are beautiful, Stacom said. Raymond Hood, the architect ffothe McGraw-Hill building and Rockefellers Center, designed the neogothic American Standard building, which is noted for its use of terra cotta, black brick and golden orna-t mentation.

7 The location is unusual for a hotel, hut may draw from the garment district, said Stephen N. Brenner, a hotel-industry analyst; He said foreign companies have taken a big interest in Manhattan because of the strength of foreign currencies in comparison with the dollar and because New York has become an international finance center and a tourist mecca, and it hopes to become more of a convention city with the Javits Center. Last Hotels Ltd. an-; nounced the purchase ofthe lease on Hotel Maxims de' Paris on 55th Street and Fifth Avenue for $127 million, a record per-room price.Japaneee investors are said be among those showing interest in the St. Moritz on Central Park South.

Regent International -Hotels of Hong Kong, which has the Mayfair Regent, is said.to be looking for another.Manhattan hotel. Also in recent years, Japanese investors took part in the purchase of the Algonquin and the Essex House. A Canadian hotel chain is building a new hotel on East 40th Street called Journeys Court, Trusthouae Forte of England opened the ritzy Plaza Athenee on East 64th Street, Swissair the Drake Swissotel on Park And a French group opened the British Air Expands at JFK AIRPORT inmPageSS gates. Tail of the 12 gates will be large enough to handle the new widebodied jets being built. The aircraft fueling operations also will be modified bo the wide-bodied jets can be serviced.

The work, which began two weeks ago, is being scheduled so that, only one part of the British Airways terminal is under construction at a time and no service is disrupted, LampI said. In exchange for British Airways' commitment to renovate its terminal, the Port Authority authorised a new Jease agreement with the company. The cur rent lease will not expire until Under the. new. 20year lease, British Airways will pay the authority about $10 million annually- The venture is the first of ieveral private projects that will be dime during the eight-year program to expand and refurbish Kennedy Airport.

'p' 14 Okla. Taken Over -x THRIFTS firom Page 55 forts fail, they will be added to the consolidation plan. The Btates remaining 31 institutions are healthy, he 14 institutions have a total of 94 branch of. ficee, which Wall said the bank board believes can be reduced by 20 percent for cost savings. Meanwhile, politicians and industry officials in Oklahoma are complaining the consolidation will make it difficult to keep the institutions in the hands' of state residents.

If they lump them all intp Several huge packages, its likely theyll be sold to but-of-etate investors be- cause were a cental-poor "state, said Michael L. Toalson, president of uS Oklahoma League of Savings Institutions. On another front, the bank board was facing a self-imposed deadline to wrap up negotiations with the Robert M. Bass Group of Fart Worth, Texas, which, is seeking federal assistance to acquire American Savings and Loan Association of Stockton, one of the nations largest The board began negotiating with the Bass Group exclusively on April 21. and.twice has extended the with the most recent one expiring today.

Wall promised an announcement on American but wouId not say if the board was planning to extend tho again. 'v- Industry sources have said between $1 A billion and $2 billion in federal money ikey will he required for that rescue," which would make it the largest bailout of a single Tamm- fr ummm sarciame uhges CONDITIONERS I UNttB AUSI2U wmua SPECIAL 4 SPECIAL' no SPECIAL "50 OFFs tapte Ite I SAVEIM0NEY ini C010R CONSOLES SPECIAL C010R PORT.m I h' mwsae 11 HFMfiOJfiML SPECIAL 50 OFF 75 OFF taste DM pf: flp: UswursiM ywiiHKUWim V- 75 OFF SmSw Nee I I I taptelClerac New HBM. SEMES jpatai JPSWB Mta-aMi MJPIOt YCR, SPEAKERS HUNDREDS OF OTHER ITEMS ON SALE; MERCHANDISE FULLY GUARANTEFn lOUTLETUN SAM EiBLDGlAS'OURiT ViSE VICE DIVISION THE 120 Hctaei Law, Wage of talandla it Richard is -our78yeai 234-S300 Okactlona: (Off UE. EsH 57Safsanfes Bataean Motor Pky. snd Vata.

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