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Standard Hotel, Bohemian Grove (Belenoff-Glamis Group) closing

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LG² Retweeted @VeritasTXgem

First the Standard Hotel closes now Bohemian Grove. Dont tell me nothing is happening. As of January 20, 2021, Belenoff-Glamis Group, International and Rosebel Industries have sold all interest in the Monte Rio property Bohemian Grove.

https://twitter.com/VeritasTXgem/status/1352783213693952001

https://glamiscalling.org/2021/01/20/bohemian-grove-divestiture/

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@VeritasTXgem

The Standard hotel in West Hollywood is shutting down

https://twitter.com/VeritasTXgem/status/1352783333491695617

The Standard hotel in West Hollywood is shutting down

JAN. 21, 20211:55 PM UPDATED5:36 PM

The Standard hotel on the Sunset Strip in West Hollywood is scheduled to close Friday, 22 years after opening with the financial support of such stars as Leonardo DiCaprio, Cameron Diaz and Benicio del Toro.

The location was the first that hotelier Andre Balazs opened in the Standard chain of boutique hotels. The brand, with its irreverent upside-down logo, cultivated a casual, cool, celebrity-studded ambience. The chain grew to six locations in the Los Angeles area, New York, Miami and London, and it operates under parent company Standard International. Balazs stepped down as the company’s chairman in 2017.

A Standard International representative said Thursday that the holder of the building’s lease exercised its option to raise the lease price in 2019 and that the increase has “rendered it unsustainable to operate the hotel.” She said the hotel tried to renegotiate.

With the COVID-19 pandemic, which has led to restrictions on travel and in-person events, the nation’s hotel industry is undergoing its worst crisis in decades.

https://www.latimes.com/business/story/2021-01-21/the-standard-hotel-in-west-hollywood-is-shutting-down