LVMH unloads its only hotel in the U.S.

Robert Way

LVMH Moët Hennessey Louis Vuitton SE (OTCPK:LVMHF) (OTCPK:LVMUY) plans to sell its only hotel in the U.S., according to Bloomberg.

The El Encanto hotel in Santa Barbara, California is being purchased by a partnership of brothers Justin and Tyler Mateen and