Who Owns the Iconic Beverly Hills Hotel?
Byline: Luxury Property Insights Team
Current Owner: The Brunei Investment Agency
The iconic Beverly Hills Hotel is currently owned by the Brunei Investment Agency (BIA), a sovereign wealth fund of the Sultanate of Brunei. The BIA purchased the hotel in 1987 and has since overseen its operations, maintaining its status as one of the world’s most luxurious and prestigious hotels.
The Role of the Sultan of Brunei
The Beverly Hills Hotel is indirectly owned by the Sultan of Brunei, Hassanal Bolkiah, as the Brunei Investment Agency falls under his government’s control. The Sultan, one of the richest royals in the world, uses his vast resources to maintain and preserve the hotel’s historic charm and luxury status.
A Rich History of Ownership
The Beverly Hills Hotel, also known as “The Pink Palace,” has a long and storied history dating back to its opening in 1912. Over the years, the hotel has been owned by various individuals and organizations, including:
- Margaret Anderson: The original founder and owner who established the hotel as a glamorous destination.
- Ben Silberstein: Owned the hotel from 1941, expanding its reputation as a Hollywood hotspot.
- The Burton Green Family: Owners in the 1960s, who maintained its iconic status during the golden era of Hollywood.
- The Brunei Investment Agency: Acquired the property in 1987 and remains the current owner.
Managed by Dorchester Collection
The Beverly Hills Hotel is part of the Dorchester Collection, a luxury hotel group that manages some of the most prestigious hotels in the world. The Dorchester Collection is also owned by the Brunei Investment Agency, and it ensures that the hotel maintains its reputation for world-class service and timeless elegance.
Controversies Surrounding Ownership
The ownership of the Beverly Hills Hotel has been the subject of controversy in recent years. The Sultan of Brunei’s implementation of strict Sharia laws in Brunei led to calls for boycotts of his properties, including the Beverly Hills Hotel. Despite the protests, the hotel remains a beloved landmark and continues to attract high-profile guests.
Why the Beverly Hills Hotel Remains Iconic
The Beverly Hills Hotel has remained a symbol of luxury and glamour for over a century. With its iconic pink facade, lush gardens, and famous Polo Lounge, it has hosted Hollywood royalty, world leaders, and countless celebrities. The commitment to maintaining its history and grandeur ensures that it will continue to be a beacon of sophistication for years to come.
Conclusion
The Beverly Hills Hotel, owned by the Brunei Investment Agency and managed by the Dorchester Collection, is more than just a luxury hotel—it’s a piece of Hollywood history. Despite changing ownership and modern controversies, it continues to be a timeless symbol of opulence and prestige..