By Jen Heger - Breaking Celebrity News Legal Editor

The Beverly Hills Wine Festival, which is taking place in Beverly Hills at the Beverly Hilton Hotel, had planned a tribute to Whitney Houston, on February 26, which would have included a cognac and champagne tasting, Breaking Celebrity News is exclusively reporting.

Houston passed away on Saturday afternoon after she was found unconscious and unresponsive in her bathtub at the iconic hotel. The award winning singer was declared dead by paramedics at 3:55 p.m. PST.

According to a press release from event organizers: "Remembering Whitney" was going to "honor our dear friend Whitney Houston" by hosting a show dedicated to “her timeless music and powerful voice." Ticket prices were expensive, ranging from $150-300. Attendees would have walked a red carpet, and sipped acclaimed champagne, Armand de Brignac, and participated in an intimate cognac tasting.

This event wasn't sanctioned or approved by the Houston family, and sources close to the situation tell Breaking Celebrity News that they were disgusted when they learned about the event.

"It was a tacky, and tasteless tribute to Whitney,” a source close to the situation tells Breaking Celebrity News. “A wine festival honoring Whitney at the hotel where she DIED? Members of Whitney's inner circle conveyed their concerns to Beverly Hilton Hotel management and they were assured the event would be quashed. There was no way the Beverly Hilton would allow this event to take place at the hotel where Whitney had just died.”