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 •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.