The Roosevelt Hotel is Hollywood's only historic
hotel still in operation today - having just celebrated its 75th
anniversary with a $15 million renovation. The home of the very
first Academy Awards (1929) was built as a glamorous gathering
place and hotel for the screen colony, with investors including
Douglas Fairbanks and Mary Pickford. Through the years, throngs
of celebrities and people hoping to sight them have visited and
stayed at the hotel.