An entity known as Live DTLA, which is tied to Young Sam Chung, filed plans to build a hotel located west of Downtown Los Angeles at 2001 West Olympic Boulevard.
Plans call for the demolition of a small commercial building and an adjacent parking lot to make room for a six-story, 150-unit hotel, Urbanize reported. Roughly 7,000 square feet of ground floor would be dedicated to retail use within the 30,000-square-foot lot. A partially underground, three-story structure would serve for parking, according to documents filed with the city.
The same entity, Live DTLA, acquired the site for $2.78 million in June 2015, property records show.
Young Sam Chung is tied to several different hospitality firms — one of them being CK Hospitality. CK filed plans to build a five-story, 149-key hotel just down the street from the proposed project at 1700 West Olympic Boulevard in 2015. The project never came to fruition and the 43,000-square-foot parcel is now listed for sale.
If approved, the 150-key hotel at 2001 West Olympic Boulevard would join Wyndham Hotels & Resorts’ Trademark Hotel planned for 1543 West Olympic Boulevard and City Century’s proposed massive three-tower Olympia project in the South Park. [Urbanize] – Natalie Hoberman