Quote:
Originally Posted by blackcat23
Big news this morning.
Next on the horizon is the Renaissance Hotel, which will be more than 20 stories tall with 450 rooms and is slated to open in 2016 across the street from the L.A. Live entertainment complex.
"Interest in new hotel development in Southern California has come roaring back a lot quicker than many of us expected," Reay said, due to the improving economy and increasing profitability of existing hotels.
"Out of every 10 calls we get from people looking for hotel sites, the No. 1 choice for seven or eight of them is downtown," he said. "In my 20-odd years in this business I have never seen this much interest in downtown L.A."
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Oh my! that's unexpected good news, certainly since I thought any new hotel that might be added to the area around LA live was going to be towards Fig st.....even though the area north of Olympic, east of Fig, is more visible & in more desperate need of being filled in & fixed up.
I wish someone would buy up the remaining old bldgs towards 9th st, tear them down, & make that entire section either open fields....which would be preferable....or using it for parking lots til something else can be built there.
google.com
Would be nice if the start up date on building the renaissance hotel were closer to this time instead of next yr. But after so many yrs of delays with most projs, or projs being proposed then cancelled in the long run, I'll take whatever is out there.