Courtyard and Residence Inn for L.A. Live
A pedestrian watches as a background is erected for the press conference to announce a pair of new hotels to be built on the north side of L.A. Live.
DOWNTOWN LOS ANGELES — Marriott's Courtyard and Residence Inn brands will share a 22-story, 377-room hotel tower to be built across Olympic Boulevard from L.A. Live.
AEG announced on Tuesday that it is selling half of the Olympic North parcel to a group led by Portland's Williams/Dame & Associates, part of the South Group development team that constructed the Elleven, Luma and Evo towers just a few blocks away.
According to the L.A. Times, construction will start in March of 2012, with the hotels opening in 2014.
The tower would be located directly across the street from the J.W. Marriott and Ritz-Carlton, a pair of Marriott brands. Those two hotels, which total 1,001 rooms, share a 54-story tower with 224 condo units.
The new development will occupy the eastern half of the Olympic North site, which sits between Francisco and Georgia. While AEG had entitled the land for broadcast studio use, a company executive last month said that additional hotel uses may go on the site.