The City of Los Angeles is looking into proposals from developers for a new, large-scale hotel that will be located across the street from the Los Angeles Convention Center, which is currently scheduled for a massive expansion and redesign.
Councilman Jose Huizar announced recently the release of a Request for Proposals by the city for three plots of city-owned land located on the corner of Figueroa and Pico Boulevard. Mayor Villaraigosa recently stated, “The City is working to drive hotel development near the Convention Center to stimulate our local economy and attract large citywide conventions to Los Angeles. These developments mean more tourism, more jobs and more revenue that will go straight to providing the services Angelenos rely on.”
Huizar has stated that the ideal project for the intended area is a four-star boutique hotel with LEED Silver Certification, which means it would be a green building with energy conservation and waste reduction in mind. “A new convention hotel on this site will help us get closer to the 5,000 rooms we need downtown in order for L.A. to be a competitive convention city.”
The city currently has approximately 1,685 hotel rooms located within a half-mile of the convention center. That is significantly less than nearby areas, like San Francisco and San Diego, which have nearly 19,000 and 8,000 rooms near their convention centers, respectively.
Some of the major upscale hotels that currently reside in close proximity to the convention center include the J.W. Marriott, the Ritz-Carlton and the Luxe. In addition to that, there are two new Marriott hotels, a Courtyard and a Residence Inn planned for Olympic Boulevard, across from the Ritz. Developers broke ground on the $172-million Marriott project back in June and say that it will add nearly 400 new hotel rooms along with 11,754 square feet of meeting room space.
Source: blogdowntown – City seeks developers to build upscale hotel near DTLA convention center