CALIFORNIA | LOCAL
December 7, 1986 |
Marvin Davis, the Denver oilman and former chairman of 20th Century Fox, will be the next owner of the Beverly Hills Hotel, informed sources said Saturday. The deal for the landmark hotel, expected to be announced this week, is in the $130-million to $140-million range, the sources said. Davis' public relations spokesmen, Lee Solters and James Fingeroth, reached separately in Los Angeles and New York, said Davis told them Saturday that he had "no comment" on the reported sale.
October 7, 1987 |
Wealthy oilman Marvin Davis has sold the landmark Beverly Hills Hotel, which he purchased less than a year ago, to the billionaire sultan of the oil-rich Asian nation of Brunei. A terse announcement of the sale Tuesday afternoon by Davis' public relations firm did not specify a price, but knowledgeable sources said the deal was in the neighborhood of $185 million.
May 15, 1993 |
Aside from trying to get some of his ex-wife's $100 million, what is convicted inside-trader Ivan Boesky up to these days? Answer: Spending $5,230 a month on food, clothing and other essentials. Boesky testified in his divorce case in state Supreme Court in Manhattan this week that the spending breaks down to $1,000 a month for clothing, $3,500 for food, $430 for dry-cleaning and $300 for haircuts.
November 27, 1986 |
A snag tied to the Ivan Boesky stock trading scandal has temporarily delayed the sale of the Beverly Hills Hotel owned by Boesky's wife and her sister's family, an informed source said Wednesday night. Two daylong sessions to sell the landmark hotel were conducted Tuesday and Wednesday by Brooks Harvey, the real estate subsidiary of Morgan Stanley & Co., the New York investment banking firm. It had been expected that a high bidder would be selected by Wednesday afternoon.
November 21, 1986 |
"It was sweet revenge," Muriel Slatkin said about the mushrooming insider stock trading scandal swirling about Ivan F. Boesky, one of America's wealthiest and best-known stock speculators. "Greedy" and "pompous," she calls him--and worse. Slatkin is not one of Wall Street's injured. She is Boesky's sister-in-law. Her bitterness stems from a protracted family feud over the future of the fabled, pink Beverly Hills Hotel.