05-16-2014, 09:18 PM
Since the Beverly Hills Hotel and the Bel-Air Hotel are not part of a franchise with contractual ouster provisions, (they're owned by the Brunei Investment Agency as part of its Dorchester Collection of properties), I don't think the Beverly Hills City Council has legal/contractual grounds to pursue a forced sell.
Still, the protests and boycotts have reportedly hit the Beverly Hills Hotel hard in terms of revenue, and protests and boycotts in England have also negatively impacted business at Dorchester's London properties.
Crash, I understand that Brunei is invested heavily in Australia but haven't seen news of denouncements or boycotts out of Australia in regards to the implementation of Sharia Law -- are they taking place there, too?
Still, the protests and boycotts have reportedly hit the Beverly Hills Hotel hard in terms of revenue, and protests and boycotts in England have also negatively impacted business at Dorchester's London properties.
Crash, I understand that Brunei is invested heavily in Australia but haven't seen news of denouncements or boycotts out of Australia in regards to the implementation of Sharia Law -- are they taking place there, too?