A Courtyard by Marriott and a Residence Inn will be built across the street from downtown Los Angeles’ L.A. Live entertainment-retail complex, which already includes hotels under Marriott International's Ritz-Carlton and JW Marriott luxury badges.
The Courtyard will have 174 rooms, while the 218-room Residence Inn will have almost 11,000 square feet of meeting space as well as a 5,100-square-foot restaurant. Both hotels will occupy a 23-story building.
The hotels, which will cost $172 million and will total 373,000 square feet, will be developed by American Life Inc. and Williams & Dame Development. They are scheduled to open in the summer of 2014.
Los Angeles Councilwoman Jan Perry, speaking Wednesday at a ceremony at the development site, highlighted the need for more hotels in downtown Los Angeles.
Whereas the typical U.S. city has about 7,300 hotel rooms within a half-mile of its convention center, Los Angeles has less than 1,700 rooms, Perry said, citing statistics from the L.A. Convention and Visitors Bureau.
“We’re going to need more hotels,” said Marriott International CEO Bill Marriott at the ceremony, noting that the Farmers Field football stadium, slated for completion nearby in 2016, will further spur demand. “We think [the hotels] will be home-run investements.”Marriott and the developers are banking on the future growth and tourist pull of a region of downtown Los Angeles — called South Park — that saw little activity before Anschutz Entertainment Group started investing heavily in the area in the late 1990s.
Anschutz opened Staples Center, home to the Lakers and Clippers basketball teams and the Kings hockey team, in 2000. Anschutz opened the $2.5 billion L.A. Live entertainment-retail complex across the street in 2009.
The following year, a 54-story tower housing an 878-room JW Marriott and a 123-room Ritz-Carlton opened for business.
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