The Beanie Babies billionaire is holding a Calif. hotel 'hostage'

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The Beanie Babies billionaire is holding a Calif. hotel 'hostage'
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For nearly three years, an enigmatic toymaker has kept one of the most sought-after properties in the world closed.

Ty Warner, the creator of Beanie Babies, signs autographs in a rare appearance to celebrate the 10th anniversary of the Beanie Babies toy line at the American International Toy Fair on Feb. 16, 2003.So perhaps it should have come as no surprise that the elusive tycoon suddenly decided to shutter the most beloved property in his portfolio and continues to offer no explanation or reopening to this day.

“... I returned the following year, and the one after that. My room wasn’t always a private little house, but it was always horribly magnificent.”NBC/Nathan Congleton/NBC via Getty I ’ Santa Barbara portfolio. Warner also owns the nearby Sandpiper Golf Club, San Ysidro Ranch, Montecito Club and Four Seasons Hotel New York.

While Warner’s other portfolio properties remain open, both Four Seasons hotels suspended operations indefinitely in March 2020 due to the COVID-19 pandemic. They have not yet reopened.

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