In 2000 he sold the hotel, by then designated a city landmark, as private housing.
It operated under this name until the early 1980s, when Hilton sold the hotel.
Business thrived until 1971, when the Love family sold the hotel, and it began a slow decline.
And now he would have to sell the hotel.
He ended up selling the hotel in August of that year.
The company tried to sell the hotel and recover its $195 million investment, but failed.
His widow Svea sold the hotel but kept the house until her own death in the mid-1980s.
The city tried to sell the hotel in 1995 but failed because of a complicated ownership structure.
Davis later sold the hotel to the sultan for a $65 million profit.
Aschoff sold the hotel in 1930, and died soon after.