Enlivened market spurs deal offer for L.A. Live hotels

Los Angeles-based entertainment firm AEG says a rebound in the hotel industry has prompted it to put stakes in two local hotels up for sale to finance expansion of its L.A. Live hospitality complex. The company said it would consider selling more than 50% ownership of the Ritz-Carlton and JW Marriott hotels, which it built for about $1 billion in 2010.