This is a collection of the most creative restaurant designs in the world, from risky and modern to traditional and laid back. This compilation of vivid photographs and detailed layouts gives examples ...
Marriott adding two hotels to mixed-use site
Marriott International Inc. has entered a partnership to develop a dual-branded hotel tower adjacent to the L.A. Live complex. The 22-story high-rise will house a 180-key Courtyard by Marriott and a 197-suite Residence Inn by Marriott.
The new tower will be built at the northwest corner of Olympic Boulevard and Francisco Street, on a site the developers have agreed to purchase from AEG. Equity funding will be provided through the EB-5 Investor Green Card Program. Construction of the 300,000 sq.-ft. building is expected to begin in March 2012 and be completed in March 2014.
Marriott’s partners in the project include Williams/Dame and Associates, the firm behind Los Angeles’ South Park residential towers (EVO, Luma, and Elleven); American Life Inc., a Seattle investment firm that specializes in EB-5 equity funding, along with Regional Center Management Los Angeles, the U.S. Citizenship and Immigration Services approved EB-5 Regional Center for Los Angeles and Hollywood; and Nomad Ventures LLC, a commercial real estate firm.
“This important hospitality development that will create new jobs and vitality in downtown Los Angeles,” said Homer Williams of Williams/Dame & Associates. “It is clear to us that AEG’s leadership in creating L.A. Live continues to be a catalyst for economic activity in this neighborhood. We hope, and fully expect, that there will other investors with new projects right behind us.”
The L.A. Live complex is currently home to two hotels: a JW Marriott and a Ritz-Carlton.
Did you enjoy this article? Click here to subscribe to the magazine.
