Hotel to Be Part of West Coast's Tallest Tower
Monday February 11th, 2013 - 7:20AM GH
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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 •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.