The Beverly Hills, California Planning Commission unanimously approved owner LVMH’s plans to build a 115-key Cheval Blanc hotel on the corner of Rodeo Drive and South Santa Monica Boulevard. LVMH bought the building at 468 Rodeo Drive formerly occupied by Brooks Brothers for $245 million in 2018. Two years later, the luxury retailer filed plans with the city to develop the hotel. The nine-story hotel will also include a wellness center, spa, conference room, restaurants and about 25,000 square feet of street-level retail space.
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