It hosted the very first Academy Awards in 1929. Shirley Temple tap-danced on its ornate tile stairway, and a married Clark Gable had his clandestine weekend dalliances with Clare Lombard between its sheets. Marilyn Monroe and Montgomery Clift were one-time inhabitants.
But by 1989, over six decades after it was built, the once-happening Hollywood Roosevelt Hotel was running a US$38 million debt.
Then, in 1995, Goodwin Gaw came along. He looked at the crinkled furniture, worn walls and chipped…
Source : South China Morning Post
Read more…How tycoon Goodwin Gaw revived the fortunes of the iconic Hollywood Roosevelt















