Belmond news and archive

Thebe Magugu expands into hospitality with Belmond

South African designer Thebe Magugu will make his debut in luxury hospitality design this December with an exclusive partnership with A Belmond Hotel, Cape Town, bringing his distinctive Afro-modernist vision to the property. In a statement, the Belmond group owned by luxury conglomerate LVMH Moët Hennessy Louis Vuitton, said Magugu would be...

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LVMH to sell El Encanto Hotel in Santa Barbara for 82.2 million dollars

French luxury conglomerate LVMH is selling its sole hotel in the United States, the El Encanto in Santa Barbara, California, to a partnership consisting of Tinder co-founder Justin Mateen, his brother Justine Mateen, and Culver Capital for 82.2 million dollars. The hotel, which consists of 90 rooms, is located in a popular coastal vacation area...

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France's LVMH says to buy luxury hotel group Belmond for 3.2 billion dollars

French luxury giant LVMH said Friday that it had reached agreement to buy hotel group Belmond, whose properties include the Copacabana Palace in Rio de Janeiro and Cipriani in Venice, in a transaction worth 3.2 billion USD (2.8 billion euros). LVMH said it would acquire Belmond for 25.00 USD per class A share in cash. That represents a premium...