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Hotel Du Cap Eden Roc To Close?

Where: Blvd. J.F. Kennedy, Antibes, France, 06601

The Hotel Du Cap Eden Roc is a storied Cannes Film Festival hotel, known for its cash only policy and room rates that start at close to $800 a night.

But all that might be coming to an end soon. Page Six reports:

"Word is that a Russian oligarch has bought the Hotel du Cap-Eden Roc [in nearby Cap D'Antibes] and that he is closing all or part of it to use as his private residence," one major power player said.

Fortunately for celebs rolling into Cannes next month for the festival, the hotel will be open. But by next year it might be a different story.

Related Stories:
· Hotel du Cap Eden Roc reviews [TripAdvisor]
· Cannes Capper [Page Six]