Justin Mateen, Tyler Mateen and Cayton Family Acquire Historic El Encanto Hotel

LVMH sells only US hotel to Tinder founder for $900K per key

Tech entrepreneur Justin Mateen and brother Tyler Mateen acquired El Encanto Hotel in Santa Barbara, California, with plans for $40 million of upgrades.

LVMH Just Sold Its Only U.S. Hotel to Tinder’s Cofounder

LVMH has just sold its only U.S. hotel, the five-star El Encanto nestled in Santa Barbara enclave, to Tinder founder Justin Mateen for $82.2 million.

Tinder Co-Founder Buys Santa Barbara’s Historic El Encanto Resort

Belmond sells its luxury hotel for $82.2 million to brothers Justin and Tyler Mateen, who are planning a three-year, $40 million makeover for the property.

Justin Mateen, Tyler Mateen and Cayton Family Acquire Historic El Encanto Hotel

SANTA BARBARA, Calif., July 08, 2025 (GLOBE NEWSWIRE) -- Justin Mateen and Tyler Mateen, in partnership with the Cayton family's Culver Capital, represented by principal Garrett Cayton, have acquired the legendary El Encanto Hotel in Santa Barbara. The iconic estate was purchased for $82.2 million from Belmond, the luxury hospitality brand owned by LVMH, marking the sale of LVMH's only hotel in the United States. Originally opened in 1918, El En…

Justin Mateen_ Tyler Mateen and Cayton Family Acquire Historic El Encanto Hotel

Justin Mateen and Tyler Mateen, in partnership with the Cayton family’s Culver Capital, have acquired the legendary El Encanto Hotel in Santa Barbara. ...

Tinder co-founder buys five-star El Encanto resort in Santa Barbara

Tinder co-founder buys five-star El Encanto resort in Santa Barbara