See inside the historic Santa Barbara hotel that LVMH just sold to the cofounder of Tinder for $82.2 million
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See inside the historic Santa Barbara hotel that LVMH just sold to the cofounder of Tinder for $82.2 million
Justin and Tyler Mateen and Culver Capital purchased the El Encanto Hotel for $82.2 million. The 90-room property originally opened in 1918. LVMH, the French luxury giant, bought Belmond, the hotel company that owned the hotel, in 2018. The buyers said they plan to make changes to the property and that it will remain open.
El Encanto spans seven acres in the Santa Barbara hills. Mike Kelley
El Encanto spans seven acres in the Santa Barbara hills. Mike Kelley
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A historic, luxury hotel in the hills of Santa Barbara, California, is under new ownership.
Brothers Justin and Tyler Mateen and Culver Capital purchased the El Encanto Hotel, a 90-room property that originally opened in 1918, for $82.2 million from LVMH, the French luxury giant, the buyers said this week.
“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.