 Owner Ben Silberstein died in 1979 , and passed the hotel to his two daughters , Muriel Slatkin and Seema Boesky , wife of stock trader Ivan Boesky . In 1986 , Marvin Davis bought the hotel from Silberstein 's sons @-@ in @-@ law Burt Slatkin and Ivan Boesky . Boesky had bought the outstanding 5 % of stock 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 the Sultan of Brunei , Hassanal Bolkiah , for $ 110 million . 
