“5 things to know: 6 November 2020” Hotels News Now

Viceroy L’Ermitage Beverly Hills sells for $100m: Keen-Summit Capital Partners LLC has sold the Viceroy L’Ermitage Beverly Hills Hotel in Los Angeles to New York-based EOS Investors LLC, according to a news release.

The deal concluded on 22 October but was made public only this week. The release states the guide price of $100 million has been secured.

The release states the 116-room “L’Ermitage was one of the properties embroiled in the (1Malaysia Development Berhad) multi-billion-dollar money laundering| scandal involving financier Jho Low,” an ongoing scandal that allegedly went to the very top of the Malaysian government.

The deal is one of the largest hospitality transactions in 2020.

Compiled by Terence Baker.

FULL ARTICLE: https://www.hotelnewsnow.com/Articles/305133/5-things-to-know-6-November-2020