See inside the historic Santa Barbara hotel that LVMH just sold to the cofounder of Tinder for $82.2 million
"The beauty of the American Riviera rivals the best coastlines in Europe but is less than 90 minutes from Los Angeles and just a direct flight from many major US cities," Justin Mateen, who cofounded the dating app Tinder, said in a statement.
"El Encanto has an authentic heart and soul unlike any property I've visited in California," Tyler Mateen said. "We will bring its rich history and timeless allure to the forefront of every aspect of the guest experience."
LVMH bought Belmond, the hotel company that owned the El Encanto, in 2018. The property was LVMH's only hotel in the US, though the company's Bvlgari Hotels & Resorts collection plans to open a hotel in Miami Beach in 2028.
The buyers said they plan to make changes to the property and that it will remain open during the transition.
See inside the historic hotel.
There are 90 rooms at the hotel, which sold for $82 million, putting the per-room price at around $900,000. A weekend stay at the hotel in August is currently going for around $1,500 per night, according to the booking site.
The bathrooms have heated stone floors Rooms on the property include marble bathrooms with heated stone floors.
The buyer said any upgrades would reflect the property's history
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