After three years in the works, plans for a vacant 1927-built building are moving ahead.
Hollywood-based developer PNK Group is renovating the Historic Core building at 419 S. Spring Street into a 180-key business hotel, Downtown News reported.
Internal demolition began in 2016. The122,000-square-foot project, designed by Nadel Architects, is expected to be completed in 2019.
The hotel will be under the Cambria Hotel and Suites brand, which caters to business travelers by offering affordable rates. PNK Group’s hotel management company Oceans V will operate the hotel.
Amenities at the Downtown hotel will include a bar, lounge and restaurant. Next door, Rising Realty Partners and Lionstone Investments are undergoing a creative office redevelopment project at the Trust Building (formerly known as the Title Insurance Building).
This will be the second hotel in the pipeline for the Cambria brand, which is an affiliate of Choice Hotels. The company is in the process of building a 247-key structure at 926 James M. Wood Boulevard near L.A. Live.
Umbrella company Choice Hotel is in the process of developing seven hotels across Southern California. PNK Group’s portfolio includes BLVD Hotel and Spa in Studio City and the Cahuenga Hotel in Hollywood. [DTN] – Natalie Hoberman