LOS ANGELES—Fairmont Hotels & Resorts, now part of the AccorHotels Group, and Next Century Associates have agreed to manage and revitalize the Century Plaza Hotel. The hotel is currently undergoing a restoration and is slated to reopen as Fairmont Century Plaza, Los Angeles in 2018.
The approximately $2.5-billion mixed-use redevelopment project includes 394 guestrooms and 63 branded residences within the original building, along with two new 46-story luxury residential towers with 290 luxury residences and approximately 100,000 sq. ft. of high-street shopping and expanded parking facilities.
Originally designed by Minoru Yamasaki, Fairmont Century Plaza will be transformed by architecture firms Pei Cobb Freed, Gensler, Marmol Radzinger and Yabu Pushelberg. The team will revision the hotel’s lobby, connecting it to a series of public plazas and fountains with two acres of open space and gardens, surrounded by restaurants and retail boutiques.
“The Fairmont brand was born in California in 1907 and now, after more than a century of building an international portfolio of award-winning properties, we are thrilled to return to our roots and expand our presence in the Southern California region,” said Kevin Frid, COO of North & Central America at AccorHotels.