Coldwell Banker Sale Agreement Reported : Real Estate Acquisition
MISSION VIEJO — HFS Inc., which last year acquired Century 21, is purchasing Coldwell Banker for about $700 million. Details on the two companies:
HFS Inc.
Business: Real estate investments
Headquarters: Parsippany, N.J.
President/CEO: Henry Silverman
Employees: More than 103,000
Franchises: 4,400 Days Inn, Howard Johnson, Park Inn, Ramada, Super 8 and Villager Lodge hotels
1995 sales: $361 million
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Coldwell Banker Corp.
Business: Residential real estate broker
Headquarters: Mission Viejo
President/CEO: Chandler B. Barton
Employees and Sales Associates: 55,159
Offices: 2,453
Parent Company: Fremont Group
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Century 21 Real Estate Corp.
Business: Residential real estate broker
Headquarters: Parsippany, N.J.; formerly Irvine
President/CEO: Robert W. Pittman
Employees and Sales Associates: More than 60,000
Offices: 6,000 worldwide
Parent Company: HFS Inc.
Source: Times reports
Researched by JANICE L. JONES / Los Angeles Times
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