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Hyatt announced they have plans to open a new Park Hyatt Hotel in downtown Los Angeles in early 2019, which will feature 184 guest rooms and suites.
Per the Los Angeles Times,
The 184-room Park Hyatt hotel, with 34 suites, is set to open in early 2019 along with the rest of the mixed-use project.
In addition to the hotel, the three-tower development will include roughly 500 condos and nearly 170,000 square feet of retail space. There will also be a massive LED screen wrapping the west-facing side of the project overlooking Figueroa Street.
Hyatt, which previously had a Park Hyatt in Century City, did not reveal room rates for its Oceanwide property. But Reay said prices are likely to be on par with L.A. Live’s Ritz-Carlton, where rooms top $400 a night.
Oceanwide Plaza is one of several mega-projects underway from Chinese builders, including the Metropolis project down the block.
Since 2014, Chinese developers have been involved in at least seven of 18 land deals downtown in excess of $19 million, according to real estate firm Transwestern.
That includes the $104 million that developer Shenzhen Hazens paid in 2014 to purchase the 2.5-acre site, where it plans to build a W Hotel and condos.
I’m thrilled that Park Hyatt will be returning to Los Angeles. Previously Hyatt had a Park Hyatt in the Century City area of Los Angeles, as well as the Hyatt Regency Century Plaza both which have since closed.
Currently the best option for Hyatt Gold Passport members is the Andaz West Hollywood, so it’s nice to hear that Hyatt will be expanding. I’d still like to see Hyatt continue to expand in the Los Angeles area with both their Hyatt Regency and Hyatt Centric brands.
What are your thoughts on the new Park Hyatt Los Angeles? Feel free to share below!
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