Marriott to Bring a Renaissance Hotel to Downtown LA
Monday March 11th, 2013 - 12:38AM H
| | | | | | | | | | |
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–Marriott International plans to open a 450-room Renaissance Hotel downtown here with a groundbreaking early next year in anticipation of an early-2016 opening.
The developer is Williams/Dame & Associates, which has acquired the 60,000 sq. ft. development site from AEG. The hotel will be located across the street from AEG's L.A. Live complex that includes a Ritz-Carlton and a J.W. Marriott. Earlier, AEG sold Williams/Dame another nearby development site, where a dual-brand Residence Inn by Marriott and a Courtyard by Marriott are currently under construction. The latest deal, which is estimated to cost $200 million, will give Marriott International five of its hotel brands in close proximity downtown.
Tags: • Hospitality • 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.