 The strict resident owner of The Beverly Hills Hotel from 1954 until his death in 1979 was former Detroit real estate magnate Ben L. Silberstein . In 1986 , Marvin Davis bought the Hotel from Silberstein 's sons @-@ in @-@ law Burt Slatkin and Ivan F. Boesky . On December 30 , 1992 , the hotel closed for a complete restoration , reopening in 1995 . Since 1996 it has been run as part of the prestigious Dorchester Collection . In 2012 the hotel was named the first historic landmark in Beverly Hills , and two new Presidential Bungalows were added . 
