Luxury hotel L'Ermitage Beverly Hills is no longer in the Viceroy Hotels & Resorts portfolio. L'Ermitage is moving forward as an independent hotel.
EOS Investors acquired the 116-suite hotel in October 2020, and Viceroy continued to operate it during a transition period that ended on Oct. 14. Viceroy had managed L'Ermitage since 2010.
"We look forward to working with EOS Investors in future partnerships," Viceroy CEO Bill Walshe said in a statement.
EOS Investors acquired the hotel for $100 million in a deal with the U.S. federal government, which had seized the property from Malaysian financier Jho Low in connection with the 1Malaysia Development Berhad (1MDB) wealth fund theft.
EOS is investing in hotel improvements in 2022.
"As we continue the legacy of L'Ermitage Beverly Hills hotel, we look forward to ushering in a new era for our Forbes five star luxury property," said Scott Berger, the hotel's general manager. "We are grateful for the opportunity to further invest in the hotel, our team and the community of Beverly Hills which L'Ermitage has been a part of since 1975."
Situated on a tree-lined residential street steps away from Rodeo Drive and the Golden Triangle, L'Ermitage Beverly Hills claims its guestrooms are the largest in the Beverly Hills market with an average size of 805 square feet. Private balconies offer views of the city or Hollywood Hills.