Yet another hotel is planned for Downtown

"Live DTLA" filed plans for 150 rooms at 2001 W. Olympic Boulevard

Los Angeles /
Nov.November 21, 2017 10:00 AM
The site of the planned hotel at 2001 West Olympic Boulevard (Credit: Google Maps)

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


Related Articles

arrow_forward_ios
Westmont's Andy Plant and Westmont Village Westmont Living, iStock)
Senior community nixes industrial development for more residential
Senior community nixes industrial development for more residential
FivePoint Holdings' Dan Hedigan (Fivepoints, Ranch on the River)
FivePoint slashes workforce 29%, posts $37M loss
FivePoint slashes workforce 29%, posts $37M loss
Cedars-Sinai's Thomas Priselac and 3400 Lomita Boulevard (Cedars-Sinai, LoopNet)
Cedars-Sinai pays $70M for Torrance medical offices
Cedars-Sinai pays $70M for Torrance medical offices
IGP Business Group's Matt Ilbak and Moreno Valley Mall (IPG Business Group, Moreno Valley Mall)
Indoor mall in Moreno Valley up for mixed-use makeover
Indoor mall in Moreno Valley up for mixed-use makeover
Michael Shabani with 8400 Melrose Avenue (Google Maps, iStock) Gucci, Melrose
Gucci plans flagship at Melrose & Melrose
Gucci plans flagship at Melrose & Melrose
Argent Retail's Terence Bortnick (LinkedIn, iStock)
OC commercial brokerage Argent Retail Advisors files for bankruptcy
OC commercial brokerage Argent Retail Advisors files for bankruptcy
LuMar's Babak Nehoray with10756 W Wilkins Ave (Avvo, Labyrinth)
Developers plan five-story apartment building in place of single-family home in Westwood
Developers plan five-story apartment building in place of single-family home in Westwood
Artist Guild Hotels' Daniel Hyde and the Palmer Building (LinkedIn, AGI)
Hollywood’s historic Palmer Building could become hotel with rooftop restaurant
Hollywood’s historic Palmer Building could become hotel with rooftop restaurant
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...