Mid-century office near LAX to be converted to hotel

The 1964 hotel will have a basement bar and 178 rooms

TRD LOS ANGELES /
Aug.August 28, 2018 10:07 AM
9800 S. Sepulveda Boulevard

An mid-century office building near Los Angeles International Airport is getting the hotel treatment.

Santa Monica-based LAX Enterprise LP submitted plans to turn 9800 S. Sepulveda Boulevard into a 178-room hotel, Urbanize reported.

The eight-story hotel was built in 1964 and renovated in 1973. The 2003 sale to LAX Enterprise LP was the only time it changed hands since it was completed, according to property records collected by PropertyShark. It’s appeared vacant since at least 2009.

The property is in prime position for a hotel makeover. It lies near the intersection of Century Boulevard and Route 1 at the end of a string of airport parking lots and hotels along Century Boulevard.

Increased demand for lodgings for travelers, and a handful of major development projects by LAX itself, have spurred investors to build more hotels near the airport.
Earlier this year, a Westside based EB-5 outfit filed plans for two Hyatt-branded hotels  around the corner at 5959 W. Century Boulevard. The hotels will replace an office building.

Existing hotels around LAX are trading at high prices as well. A DoubleTree in El Segundo, much further from the airport than any on Century Boulevard, traded for $54 million last year. https://therealdeal.com/la/2017/08/15/umbrella-hotel-group-buys-216-key-doubletree-lax-for-54m-sources/

LAX broke ground on a new $1.6 billion concourse in February 2017, has a request for proposals out to develop 93 acres north of the airport, and has put together an assemblage to redevelop the Manchester Square neighborhood as a transportation hub. The city also approved its People Mover mass transit project — a tram connecting the airport to the Metro. [Urbanize] – 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
AEG CEO Dan Beckerman (Credit: Shaun Clark/Getty Images)

AEG plans 160-key hotel next to its DTLA headquarters

AEG plans 160-key hotel next to its DTLA headquarters
Pacific Hospitality Group CEO Tim Busch and a Zen Room at Huntington Beach’s Pasea Hotel and Spa

Desperate for revenue, LA hotels pitch “zen offices” to work-from-homers

Desperate for revenue, LA hotels pitch “zen offices” to work-from-homers
County supervisors Mark Ridley-Thomas and Janice Hahn

LA County Supervisors plan for the long-term as the homeless move into hotels

LA County Supervisors plan for the long-term as the homeless move into hotels
Gavin Newsom (Credit: Emma McIntyre/Getty Images)

Homeless COVID-19 patients could save California’s hotel owners

Homeless COVID-19 patients could save California’s hotel owners
Thousands of CA hotel workers have been laid off

Expedited layoffs mean thousands of hotel job cuts

Expedited layoffs mean thousands of hotel job cuts
arrow_forward_ios

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

Loading...