EB-5 developer plans Hyatt brand hotels near LAX

The 2 hotels will have 401 rooms, rising amid an expected construction surge there

TRD LOS ANGELES /
May.May 09, 2018 08:03 AM
5959 W. Century Boulevard

A pair of Hyatt-brand hotels will land on West Century Boulevard outside Los Angeles International Airport, contributing to the expected development boom there.

The 272-room Hyatt Place LAX and 129-room Hyatt House LAX are in development at 5959 W. Century Boulevard, according to the Los Angeles Business Journal.

The project is being developed by Westside-based California Real Estate Regional Center, an EB-5 developer.

The site is currently home to a parking garage and a 14-story office building called the Airport Center. The site is flanked by a Marriot Residence Inn and a Crowne Plaza hotel.

Hyatt has built twin Hyatt House and Hyatt Place hotels around the country and has marketed them together since 2016. Hyatt House was founded in 2012, while Hyatt Place is a rebrand of the AmeriSuites chain the company bought in 2005.

The two hotels will offer different styles of lodging. Hyatt House has apartment-style rooms designed for extended stays, while Hyatt Place is a casual, limited-service brand.

Development is expected to heat up around LAX as the airport’s owner Los Angeles World Airports makes moves to develop land around the airport, including a push for ideas for a 93-acre plot of undeveloped land to the north. Leadership is also moving on a plan to develop the Manchester Square neighborhood into a new transportation hub.

Airport-adjacent hotels continue to change hands for sizeable sums. [LABJ] — Dennis Lynch


Related Articles

arrow_forward_ios
California State Senator Scott Wiener and Construction Trades Council President Robbie Hunter

Construction union pulls “anti-Semitic” Scott Wiener attack ad

Construction union pulls “anti-Semitic” Scott Wiener attack ad
Federal authorities charged developer Serena Shi in an alleged $20 million EB-5 scam

Coachella condo project at center of $20M alleged EB-5 fraud

Coachella condo project at center of $20M alleged EB-5 fraud
California State Senator Scott Wiener

Coronavirus could hurt LA’s density push

Coronavirus could hurt LA’s density push
Renters across LA are at their wits end with construction and renovations (Credit: iStock)

LA renters stuck at home are fed up with ‘disruptive’ construction projects

LA renters stuck at home are fed up with ‘disruptive’ construction projects
Mayor Eric Garcetti and SoFi Stadium Justin Sullivan and Scott Varley/MediaNews Group/Torrance Daily Breeze via Getty Images)

LA will shut down construction sites that don’t follow COVID-19 guidelines

LA will shut down construction sites that don’t follow COVID-19 guidelines
5240-5300 West Century Boulevard (Credit: Google Maps and iStock)

Around LAX, office-to-hotel conversions are catching on

Around LAX, office-to-hotel conversions are catching on
Architect Simon Park and a rendering of the project (Credit: SSPSTUDIO ARCHITECTURE & URBAN DESIGN)

Boyle Heights slated for another mixed-use project

Boyle Heights slated for another mixed-use project
Monica Rodriguez orchestrated the nixing of a residential project set for the Verdugo Hills Golf Course (Credit: Google Maps, Wikipedia)

The threat of fire doomed this Tujunga resi project. Now the developer will sue

The threat of fire doomed this Tujunga resi project. Now the developer will sue
arrow_forward_ios

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

Loading...