sbe, the Los Angeles-based leading lifestyle hospitality company that develops, manages and operates award-winning hospitality venues, today announced the sale of The Redbury Hotel in Los Angeles, California for $40.9 million. The 57-room boutique hotel at the iconic corner of Hollywood and Vine was sold to 1717 Vine LLC, an entity related to Seattle-based Vulcan Inc. The property is a luxury all-suites hotel that includes the distinctive and highly popular Cleo restaurant. First opened in 2010, the inventive Redbury Hotel proved again sbe CEO Sam Nazarian's ability to deliver an award-winning, unpretentious and playful approach to luxury that resonates with guests. sbe will continue to manage The Redbury, and work closely with the new ownership on all future plans and operations.