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EB-5 developer plans Hyatt brand hotels near LAX
The 2 hotels will have 401 rooms, rising amid an expected construction surge there
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