Discussions between former TV talk-show host Merv Griffin and a potential buyer for his Beverly Hilton hotel have been terminated, both parties announced Thursday.
Griffin had announced earlier this month that he was in talks with Probity International Corp. to sell the Beverly Hills landmark. Probity, based in Beverly Hills, has developed a number of commercial and residential properties in the Los Angeles area and is the managing partner of the Peninsula Beverly Hills hotel.
The Beverly Hilton is "an exceptional asset," Probity Chief Executive Robert Zarnegin said when negotiations still were underway. The sale, he said two weeks ago, would be "an unparalleled opportunity to renovate and reposition" the hotel at Wilshire and Santa Monica boulevards.
Neither Griffin nor Zarnegin would comment further Thursday.
Griffin, 77, has owned the Beverly Hilton for 16 years, having purchased the hotel in 1987 from Barron Hilton, son of hotel magnate Conrad Hilton.