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Two new Marriott hotels hope to capture Convention Center crowds near L.A. Live

By Andrew Lopez
Published: Wednesday, March 28, 2012, at 05:16PM
Williams/Dame & Associates, Inc.

Daytime rendering of the hotels.

Two new Marriott hotels are preparing to break ground across the street from the already existing J.W. Marriott and Ritz-Carlton at L.A. Live.

The $172 million project will create over 800 construction jobs and about 200 permanent jobs in Downtown after its completion. The two new hotels are the result of a partnership between the Marriott and AEG. Mayor Antonio Villaraigosa said this will help continue Downtown's revitalization.

“(The partnership) has really been the biggest catalyst, the biggest reason that this L.A. Live area is coming alive,” Villaraigosa said. “People actually do want to come Downtown, people want to live here, they want to shop here.”

The new 23-story development will consist of a 174-room Courtyard by Marriott and a 218-room Residence Inn under one roof. With 11,754 sq. ft. of meeting facilities and 5,100 sq. ft. of restaurant space, project executive Jim Atkins said the undertaking will be a flagship for the Marriott brand.

Councilwoman Jan Perry said the nearly 400 rooms added to Downtown’s hotel numbers will bring Los Angeles closer to being on par with other cities.

“The average city has 7,300 hotel rooms available within a half mile of its convention center,” Perry reported during the event. “Los Angeles has less than 1,700.”

The hotels will also bring more revenue to Downtown during conventions, she said.

“We can retain more people in this immediate area and they can go to the restaurants here, go to the movies, spend their dollars here in Los Angeles,” Perry said. “I think it will continue the revitalization of Downtown and will continue to move us on an upward trajectory.”

Williams/Dame & Associates, a Portland-based real estate development firm will develop the hotels with funding being handled by American Life, Inc., who specialize in the EB-5 visa program.

Under EB-5, immigrants who invest a minimum of $500,000 and whose contribution results in the creation of 10 new full-time jobs are given Green Cards. The program was created by the Immigration Act of 1990.

The project is expected to take about two years to complete with a grand opening slated for Summer 2014.


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