
LVMH to sell Santa Barbara’s El Encanto hotel for $82.2 million
By Bloomberg Published July 7, 2025 French luxury giant LVMH Moët Hennessey Louis Vuitton SE is selling its only US hotel, the El Encanto in Santa Barbara, California. Bloomberg The 90-room property — in a coastal getaway northwest of Los Angeles — is being purchased by a partnership of brothers Justin and Tyler Mateen and…