Blue Arch to brand South Park hotel as HyattCentric

Hyatt brand is meant to compete in the boutique segment

TRD LOS ANGELES /
Jun.June 11, 2018 02:00 PM
1138 S. Broadway, where Blue Arch plans a 139-key hotel

Blue Arch Investments has struck a deal with Hyatt to brand its planned 15-story South Park hotel.

The Miracle Mile-based firm wants to label its hotel at 1138 S. Broadway a HyattCentric, according to Curbed. HyattCentric is Hyatt Corporation’s “upper-upscale” and “boutique” brand meant for urban centers, according to Hyatt’s website. There are 31 branded hotels worldwide in the category, including one in Long Beach and another in Santa Barbara.

Blue Arch filed plans last week for a hotel with 139 rooms, a 125-seat restaurant, and for permits to sell alcohol on a rooftop space with room for 200 people.

It’s the latest in a steady stream of planned hotels in the area near the Los Angeles Convention Center, where the City Council set a goal of creating 8,000 new rooms by 2020 in a bid to capitalize on increased tourism. The number of available rooms and those in the pipeline have doubled to 5,000 since the Council formally set the goal in 2013.

The HyattCentric hotel would replace a two-story retail shop and parking lot directly across the street from the historic Herald Examiner newspaper building, which is being converted into creative office space. In December, restaurateurs Walter and Margarita Manzke of Republique inked a deal to open a bistro there. [Curbed] – Dennis Lynch 


Related Article

arrow_forward_ios
From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio

LA Mayor Eric Garcetti

Down goes Measure EE: Property tax referendum routed at polls

CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps)

CIM Group lists part of its Miracle Mile office campus

Arman Gabay and The Springs shopping center in Palm Springs, part of the 14-property portfolio

Charles Co. secures $215M refi for retail portfolio

Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps)

Harbor Associates leases up then sells off its Thousand Oaks office park

9300 Wilshire Boulevard

Land under historic Beverly Hills office building sells for $25M

arrow_forward_ios