LOS ANGELES--( www.hospitalitybusinessnews.com )--American Life Incorporated and Williams/Dame Associates have broken ground on the $172-million, 373,000-square-foot hotel project in the heart of downtown Los Angeles.
At a March launch event, developers announced that the new hotel development – comprising a 23-story high-rise housing a 174-room Courtyard by Marriott and a 218-room Residence Inn by Marriott, including 11,754 square feet of meeting facilities and 5,100 square feet of restaurant space – is slated to open in summer 2014.
Foundation footings will begin pouring this week on the project that officials say will further revitalize the area, create over 1,000 jobs, generate millions in revenue for the City and serve as a significant boon to convention business and the tourism industry.
Adjacent to L.A. LIVE, the hotels will be at the corner of Olympic Boulevard and Francisco Street on an entitled site the developers purchased from AEG, the owner/operator of L.A. LIVE, the 4-million-square-foot sports, residential and entertainment district which has further free tour de france video clip fueled the renaissance of the downtown area that began when the company broke ground on STAPLES Center in 1998.
The hotels will be managed by Marriott International and will be the only nationally-branded extended-stay and select-service venues within walking distance of the Los Angeles Convention Center. The Residence Inn will be a good option for families, while the Courtyard offers a variety of price points, appealing to a diversity of guests.
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