Recent Purchases
Marvin H. Davis bought the Hotel for $54 million from Silberstein's sons-in-law Burt Slatkin and Ivan F. Boesky. Boesky had bought the 5% of stock that was outstanding for a reported fortune and decided to sell, despite Slatkin's desire to keep the hotel. Less than a year later, Davis sold the hotel to Sultan Hassanal Bolkiah for $110 million.
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