LVMH Revealed as Buyer of Luxe Rodeo Drive Hotel
It’s the four-letter word that every seller on Rodeo Drive loves to hear: LVMH.
The Paris-based luxury conglomerate, which owns Louis Vuitton, Dior, Tiffany & Co, Fendi and other brands, bought the former 86-key Luxe hotel on Rodeo Drive from the Harkham family for $200 million, sources familiar with the transaction told The Real Deal. JLL announced the sale yesterday, but did not disclose the buyer or the price. LVMH did not respond to a request