The bifurcated, shifted form of the 28-story tower draws from Los Angeles entertainment imagery.
The Hotel, scheduled for completion in Q1 2016, will be located in one of the most exciting lodging sub-markets in the country, the South Park neighborhood of downtown Los Angeles, home to the Staples Center arena, the Los Angeles Convention Center and the brand new LA Live Entertainment district.
The project, a joint development between MHG and the site owner is located at 1000 Grand Avenue, at the corner of Grand Avenue and Olympic Boulevard. Upon completion, the Property will be comprised of a 28-story, vertically-integrated hotel tower offering 535 branded hotel keys, with 50,000 square feet of meeting space, several F&B outlets and various luxury amenities to cater to the prevalent corporate and group demand that frequents the area. In addition, the development will include nearly 13,000 square feet of rentable retail space.
The design team chose to rotate the mass approximately 45 degrees to address the Grand Avenue and Olympic Boulevard intersection, however, rather than twisting the volume and creating massive cantilevers and overly complicated structural requirements, the rotated shape is achieved by splaying a “skirt” outward from the main tower massing, giving the structure a wide base and decreased slenderness ratio. This allows the tower to have vertical structures and blend with the hotel and parking podium.
The Hotel presents a new investor with an unrivaled opportunity to participate in a high profile hotel development project located in a dynamic and growing submarket of one of the most desirable and vibrant lodging markets in the country. The incredible in-place financing will allow for above market returns at below market rates.