Is Jeff Klein looking to open a San Vicente Bungalow in Palm Springs? Or is he looking to cash out?
That was the question left open by The Wall Street Journal’s March 19 bombshell scoop — that Klein, 54, was working with Goldman Sachs and real-estate firm JLL to find a new investment partner for his high-end hospitality empire, long a magnet for A-list celebs and industry climbers, ostensibly as part of an expansion plan.
“We are currently looking at several new locations and evaluating different ways to structure the next phase of growth while protecting the magic and exclusivity,” Klein told the Journal.
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Notably, though, the Journal also reported that Klein would “consider selling a majority or even all of the businesses,” including his West Hollywood and New York properties. In other words, the Journal suggested, he might
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