ɪn nˈaɪntiːnhˈʌndɹɪd sˈɛvənti ˈeɪt, stˈiːvən mˈʌs bˈɔːt ðə fˈɔnteɪnˌɛbloʊ hoʊtˈɛl fɔːɹ dˈɑːlɚ twˈɛnti sˈɛvən mˈɪliən, ðˈʌs ɹˈɛskjuːɪŋ ɪt fɹʌm bˈæŋkɹʌptsi.
In 1978, Stephen Muss bought the Fontainebleau Hotel for $27 million, thus rescuing it from bankruptcy.