Politicians in Los Angeles cleared the way for construction of a 1,153-room hotel complex adjacent to the Los Angeles Convention Centre, financed with public and private funds.
The Los Angeles Times reports that the so-called “Fig and Pico” project would include two towers — 38 and 27 stories respectively — housing three hotels.
The complex site is next to the Pico station of LA’s light rail system, in the South Park neighbourhood.
“The hotels will have ground floor retail fronting on S. Figueroa, W. Pico and Flower Street, a sky lobby, three pools, bars, restaurants, lounges and event space, all supporting the hotel guests and outside visitors,” according to a statement from developer the Lightstone real estate group.
“The hotels will also be supported by a six-story parking facility located at the base of the hotels for guest and event parking.”
A separate project to build an 850-room hotel near the convention facility was also recently approved by the Los Angeles City Council.
The new hotels would help the city meet its goal of having 8,000 guest rooms within walking distance of the convention centre. The rooms would also help meet demand during the 2028 Summer Olympics, scheduled to be held in Los Angeles.
The city will provide $103 million in public assistance to the Fig and Pico project.
