Search
 

$172M Marriott Hotels Project To Break Ground This Spring

LOS ANGELES-The new downtown hotels are expected to generate more than 5,000 jobs and millions of dollars in city revenue.

By Carrie Rossenfeld | Updated on March 28, 2012

LOS ANGELES-GlobeSt.com has learned the details of a new Marriott hotels project set to be announced during a press conference here today at 11 a.m. The project, totaling 373,000 square feet and costing $172 million, is being led by a partnership between American Life Inc., a real estate development and management company that specializes in EB-5 equity funding from overseas investors, and Williams/Dame and Associates, the development firm behind the city’s innovative “South Park” residential towers.

The partnership is poised to break ground this spring on two new hotels in the heart of downtown L.A.: a 23-story high-rise housing a 174-room Courtyard by Marriott and a 218-room Residence Inn by Marriott, which will include 11,754 square feet of meeting facilities and 5,100 square feet of restaurant space. A grand opening is slated for Summer 2014.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.