Wednesday July 16th, 2014 - 10:32AM
LOS ANGELES—HHM is now managing the Hotel Figueroa, located in Downtown Los Angeles. The Figueroa is directly across the street from L.A. LIVE, a 4-million-sq.-ft. entertainment complex that most notably includes the STAPLES Center and Nokia Theatre.
The hotel will join the company's full service division and the 17 other managed properties on the West Coast. HHM will manage the hotel on behalf of the new ownership, a joint venture between GreenOak Real Estate and Urban Lifestyle Hotels, which is comprised of Bradley Hall, Jack van Hartesvelt and Mark van Hartesvelt. Originally built in 1925, Figueroa has 285 rooms, plus 25,000 sq. ft. of special event and catering space, an outdoor swimming pool with whirlpool spa and a mezzanine lounge.
"With nearly 30 independent hotels under management, almost half of which are on the West Coast, Figueroa is a welcome addition to our collection of highly desirable urban properties that benefit from excellent locations and multiple demand generators in their growing markets,” said Naveen P. Kakarla, president & CEO, HHM. “We couldn't be more excited to have a presence in Downtown LA, a market that is an increasingly enticing place for Southern Californians to live, work, visit and play.”