The district plans to use the site, along Wilshire Boulevard near Vermont Avenue, to build a sorely needed high school and perhaps a middle school for the area. Though the vote is a key step toward buying the parcel, it will likely take school officials several months or even years to formulate a development plan that is acceptable to local homeowner groups, businesses and preservationists.

Some homeowners in the area want to see the 23-acre site include new retail and office space while others are adamantly opposed to anything but construction of educational facilities. Business leaders have called for a mix of uses, while some preservationists have floated plans that would restore the now-empty hotel to its original splendor.

The hotel was designed by Myron Hung, who also designed the Rose Bowl and the Huntington Library. It opened during the Great Depression and thrived well into the 1960s, but the area's changing demographics and other factors eventually resulted in its closure about 15 years ago.