Yet another hotel is planned for Downtown
"Live DTLA" filed plans for 150 rooms at 2001 W. Olympic Boulevard
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