Los Angeles may be the home of an impressive $31 million dollar hotel if plans to renovate an abandoned structure go through. Aimed at creating a park-like atmosphere targeting worldly guests, the hotel will compete with others like the $172 million dollar Marriot in the booming hotel market in Los Angeles.
The developers of a proposed $31-million hotel near Staples Center in downtown Los Angeles are ready to seek city approval to construct an indoor-outdoor complex in the brick shell of a condemned apartment building.
Plans call for gutting the empty three-story building at 1130 S. Hope St. that was erected more than a century ago and is no longer structurally sound. The developers would build inside the perimeter of the old exterior walls, creating a landscaped open-air courtyard leading to a new tower with 44 guest rooms.