See inside the historic Santa Barbara hotel that LVMH just sold to the cofounder of Tinder for $82.2 million

Jul 12 2025 by Business Insider

 
El Encanto spans seven acres in the Santa Barbara hills.

Mike Kelley

Justin and Tyler Mateen, along with Culver Capital, acquired El Encanto Hotel from LVMH.El Encanto, located in the hills of Santa Barbara, was LVMH's only US hotel.See inside the hotel, which sold for $82.2 million, or around $900,000 per room.

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...

Continue Reading See inside the historic Santa Barbara hotel that LVMH just sold to the cofounder of Tinder for $82.2 million