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Wilshire Grand hotel to hold massive public liquidation sale

By Hayley Fox
Published: Wednesday, April 25, 2012, at 09:12AM
Tony Pierce/KPCC

The Wilshire Grand Hotel will hold a public liquidation sale Thursday beginning at 9 a.m.

The almost 60-year-old Wilshire Grand hotel in Downtown LA is holding a public liquidation sale this Thursday beginning at 9 a.m.

The massive hotel which closed it's doors last December, will be selling $2 million worth of goods from its location on Figueroa Street and Wilshire Boulevard. Included in the list is 10,000 pieces of china and glassware, 600 flat screen TVs, 100,000 pieces of bed and bath linens and assorted marble, brass, wood and bronze building fixtures.

The Grand will also be selling items from their offices, restaurants, commercial laundry and fitness center.

[Update: Today we noticed there was a $5 entrance fee, which was a surprise to us and many of the attendees. For more of our coverage of the sale, click here.]

According to CBS, the lobby has been turned into a showroom for items from the hotels 1,000 rooms, while the gift shop has become a defacto art gallery.

The location was originally opened as the Statler Hotel in 1952, and was eventually bought by Korean Airlines. Now, it will be taken apart piece by piece to make way for two new tower structures that will host a hotel as well as office space.

Marc Loge, director of media relations at the hotel, told blogdowntown last December that the hotel was beyond renovations -- it needed to be demolished.

"We have more problems than we have solutions, engineering-wise with the building," he said, adding that the Wilshire Grand needed an entire central air system installed and that the cost would be enormous.

Loge also said demolition was expected to begin in the Spring of this year.

Items at Thursday's sale will be priced 25 to 30 percent off the retail value, and the liquidation will continue every day until all the goods have been sold, CBS reports.

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