Luxury giant LVMH buys Caribbean hotel

Caribbean: LVMH Moët Hennessy Louis Vuitton has bought the Hotel Saint-Barth Isle de France from majority owner Adventurous Journeys Capital Partners.

The 39-room boutique hotel, set on the shore of Baie des Flamand, was formerly managed by the Oetker Collection, but will now be managed by LVMH, as part of what it called a “natural extension of LVMH’s activities across the luxury spectrum.”

The company already operates two hotels in France – White 1921 hotel in Saint Tropez, and Cheval Blanc in Courcheval – working on the development of another resort, Maisons Cheval Blanc in the Maldives.

AJ Capital Partners acquired the hotel in 2010. Terms of the LVMH deal have not been revealed. The company said: “Given LVMH’s world-renowned leadership in creating luxury experiences, through its wide array of brands as well as its hotel properties, AJ Capital knows that Hotel Saint-Barth Isle de France will further enhance its position as one of the leading resorts in the Caribbean.”

LVMH said in a statement: “Given LVMH’s global-leadership in the luxury industry, it is well-positioned to attract travelers from around the world to its properties,” said LVMH.

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