French luxury giant LVMH is about to sell its only hotel in the U.S. for $82.2 million, or around $900,000 per room, according to Bloomberg.
LVMH to sell California hotel for $82.2 million
90-key establishment to be sold for $900,000 per room in Santa Barbara
By Mehdi Touazi
Business Immo
July 8, 2025 | 7:44 AM
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Companies
- LVMH Hotel Management
Accommodation and Food Services