L’Ermitage Hotel Acquired for $100 Million

Posted Thursday, August 13, 2020 – 7:09 pm

By Samuel Braslow

The Viceroy L’Ermitage Beverly Hills Hotel, the luxury property seized by the United States Government as a part of an international investigation into foreign bribery and embezzlement of Malaysian state funds, has an anonymous, prospective buyer who has agreed to pay $100 million for the hotel. The sale precludes an auction that was slated to run on Aug. 19. The identity of the buyer remains unknown.

“I expect if we don’t say anything, the buyer will make an announcement after they close,” Matthew Bordwin of Keen-Summit Capital Partners told the Courier. “That is expected to be by end of September.

For full story see the print edition of The Beverly Hills Courier, or download the e-edition.