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Raymond Sarlot, investor who restored Chateau Marmont, dies at 89
Raymond Sarlot, investor who restored Chateau Marmont, dies at 89

Developer Raymond Sarlot was looking for a tax write-off when he and an associate paid $1 million for a down-on-its-luck Hollywood landmark, the Chateau Marmont, in 1975. Long a haven for privacy-loving celebrities such as Greta Garbo and Roman Polanski, the old Normandy-style hotel was on the verge of foreclosure, with threadbare carpets, peeling wallpaper and falling plaster. It still had loyal guests but was so dilapidated that one of them, actress Myrna Loy, called for a new room chair after the bottom fell out of the one she was using. "I was what you call shocked," Sarlot recalled later in The Times. But the hotel quickly became more than just a business for Sarlot. ...

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