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Tom Schwartz and Tom Sandoval’s Los Angeles bar Schwartz & Sandy's is closing after two years, the 'Vanderpump Rules' stars tell PEOPLE.

Vanderpump Rules stars Tom Schwartz and Tom Sandoval announced they are closing down their Los Angeles lounge Schwartz & Sandy’s after two years. The longtime co-stars both announced the news Monday (Nov. 25). The lounge and bar will close at the end of the year and is currently booking events through the next few weeks.