Hotel to Be Part of West Coast's Tallest Tower
Monday February 11th, 2013 - 7:20AM GH
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
LOS ANGELES–Korean Air has begun construction on a 73-story mixed-use development in downtown Los Angeles that will be the tallest tower on the West Coast when it is completed in mid-2017.
The tower will sit on the site of formerly occupied by the Wilshire Grand Hotel that was also owned by Korean Air. The replacement, which will rise 1,100 ft., will include a 900-room hotel, also scheduled to be called the Wilshire Grand. Other components will include 400,000 sq. ft. of office space and ground-level retail.
Tags: • Hospitality • Construction/Renovation • Ownership •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.