Westinghouse is negotiating with top 3 bidders for Omni hotel

April 23, 1993|By Timothy J. Mullaney | Timothy J. Mullaney,Staff Writer

Westinghouse Electric Corp. is negotiating with three potential buyers of the Omni Inner Harbor Hotel.

The talks followed a sealed bid auction last week that turned up at least three bids that topped the $16 million minimum bid the company had attached to the 702-room hotel.

"We're now in negotiations with the top three bidders," said Jay McCaffrey, a spokesman for Westinghouse, which took control of the hotel through foreclosure in 1989.

"We haven't made any announcement yet, but we probably will once that concludes."

Westinghouse would not identify the bidders, who responded to a nationally advertised auction in which bids were due April 16. Mr. McCaffrey would not speculate on how long it would be before the buyer would be made public. "Just as long as it takes," he said. "We still don't have a time line."

Dennis Malone, a broker for W.C. Pinkard & Co. in Baltimore, said the state's approval of $150 million in state and city money to expand the Baltimore Convention Center was key to the auction's success.

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