With around 135 vote-by-mail ballots to be counted, LVMH says it is obvious it has lost and won't be back to resurrect the hotel project on Rodeo Drive.
The suspense surrounding the future of the LVMH Moët Hennessy Louis Vuitton multimillion-dollar luxury hotel project is over.
Days after a special election was held on Tuesday showing a slim majority against the project, LVMH issued a statement conceding defeat for its Cheval Blanc hotel proposal on Rodeo Drive. “Although some votes remain to be counted, it now appears that Measures B and C have fallen short by a narrow margin, overturning the results of a comprehensive, years-long review and approval process,” said Jessica Miller, a LVMH spokesperson.
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