R. D. Olson plans 275-key Hollywood hotel

Los Angeles /
Jun.June 16, 2016 03:05 PM

New details have been revealed for developer R.D. Olson’s Hollywood hotel on the corner of Sunset and Cahuenga Boulevards.

First proposed last year, the updated plan now calls for a 21-story building, instead of the original 19-story building. The building would contain 275 guest units. On the ground floor, there would be up to 1,900 square feet of commercial space, and below, four levels of subterranean parking, according to city documents.

An existing Jack in the Box fast food restaurant on the site would need to be demolished before construction could begin.

Out of the 275 guest units, 142 would be suites, 132 would be individual rooms and one would be a two-bedroom suite. Every unit would have its own kitchenette.

In total, the project would have just under 142,000 square feet of buildable floor space. In addition to a vesting zone change, the plans filed by Olson request an alcohol permit. Guest amenities would include study areas, a breakfast room with bar seating, a swimming pool, a fitness center, a laundry room and an outdoor dining patio. There would be 125 parking spaces.

Renderings from architects Wimberly Allison Tong & Goo show an Art Deco-inspired building.

Olson, based in Newport Beach, purchased the half-acre property for $13.8 million in 2014, Urbanize reported. Once the city approves its zone change and various requests, construction would take about 22 months.

The real estate company has several other projects in the works, including a Marriott hotel in Pasadena and the luxury Lido House in Newport Beach. Olson could not be immediately reached for comment.

Hollywood has been a fertile land for hotels, as upcoming inventory seems to be skyrocketing. Hotels in the pipeline include Richard Heyman’s seven-story structure down the block and a redeveloped Mark Twain Hotel courtesy of Hawkins Way Capital.  — Cathaleen Chen


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