Downtown’s Wilshire Grand Hotel is liquidating $2,000,000 worth of assets from plates to chairs, tvs to beds in preparation for its summer demolition. Korean Air and architect A.C. Martin Partners Inc. will build a 70-story $1-billion luxury hotel in its place to open January 2017
“Downtown has an edgy feel to it these days,” says Michael Zietsman, managing director of Jones Lang LaSalle’s (JLL) capital markets group for the Southwest, and “the action” has moved there from Hollywood.
With work set to begin soon on a $1-billion luxury hotel in downtown Los Angeles, developer Korean Air revealed some details about the tower that is expected to dramatically alter the city’s skyline.
THE 100 largest hotels in Los Angeles County have about 38,000 rooms of the estimated 98,000 rooms in the entire county.
LOS ANGELES — The Entertainment Software Association’s agreement to hold E3 at the Los Angeles Convention Center is up after this week’s show, President Mike Gallagher told Consumer Electronics Daily.