BELL GARDENS-Construction has started on the Bicycle Casino's new $45 million luxury hotel, the Bicycle Casino Hotel. With R.D. Olson Construction leading the project, construction is expect to be complete in the first quarter of 2015.

California Governor Jerry Brown attended the ground breaking ceremony to endorse the project , which is expected to have a positive economic impact on Bell Gardens. The casino is currently the city's largest employer, and the hotel will add an estimated 250 additional jobs while the year-and-a-half development project will create 300 construction jobs. This job creation is significant considering the city currently has a 16.3% unemployment rate.

"R.D. Olson Construction is proud to be a part of a project that will have such a profound economic impact on an area in need of stimulation," says Bill Wilhelm, EVP of R.D. Olson Construction.

The seven-story, 100-room hotel will offer the gamut of luxury amenities, including an elevated swimming pool, penthouse nightclub, rooftop game area, fitness center and a spa. The hotel will also have two restaurants and 15,000 square feet of event space.

In addition to job creation, a new hotel development is indicative of recovery. Recent research from JLL shows that the resort sector is experiencing record activity since the 2008 recession, and is currently accounting for 18.4% of the hospitality industry's total investments.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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