End of an era: Hotel tycoon Andre Balazs Hollywood hotspot The Standard CLOSES after 22 years of hosting A-list parties, TV shows, and celebrity guests including Jennifer Lopez, Owen Wilson, and investor Leo DiCaprio
The Standard in West Hollywood, which was opened by Balazs in 1999, announced that it is closing today
Standard International hotel group blames a significant increase to its lease, which makes operating the property impossible , particularly amid the financial stress of the coronavirus pandemic
The Standard has spun off other locations in New York City, London, and Miami, and its parent company also owns the Chateau Marmont in LA and Chiltern Firehouse in London