Four years ago, Sumitomo Realty & Development quietly closed its InterContinental Century City hotel at the dawn of the pandemic. Now it wants to revamp it for $98 million
The Tokyo-based investor has filed plans to renovate the 17-story, 375-room hotel at 2151 Avenue of the Stars, next to Fox Studios, Urbanize Los Angeles reported.
The peach-colored hotel awoke from its sleep in May from news it had pocketed $50,000 from Sean “Diddy” Combs in 2016 for the hallway security video of him allegedly kicking his ex-girlfriend Casandra “Cassie” Ventura, according to a lawsuit.
Combs, the subject of a wave of lawsuits accusing him of raping women, sexually assaulting men and molesting a 16-year-old boy, is in a New York jail after pleading not guilty to federal charges of coercing and abusing women.
Sumitomo Realty bought the hotel, then the J.W. Marriott and later the Park Hyatt, in 1989 for $85 million. It shut the lobby doors in March 2020.
This month, the Los Angeles Department of Building and Safety issued Sumitomo a construction permit for ground-up upgrades throughout the 36-year-old hotel.
The project, designed by San Francisco-based Gensler with Pankow Builders on construction, includes makeovers to building infrastructure.
The renovation also includes public areas, guestrooms, restaurants, the hotel lobby and bar, reception areas, meeting rooms and offices.
On the second floor, plans call for a new pool bar, restrooms and boardroom, while one guest room suite would be converted into an office for human resources staff.
At the base of its stepped exterior, permits point to the addition of a new trellis at the ground floor, plus new “hardscaping” such as rocks, gravel and wood, and landscaping.
A timeline for construction, as well as a scheduled reopening date, were not disclosed.
Next door, the Fox Studios campus is slated for a $1.5-billion overhaul just down the street from the new Metro station now under construction at Constellation Boulevard and Avenue of the Stars, according to Urbanize.
Sumitomo Real Estate & Development, founded in 1949, is among the largest developers in Japan, with $44 billion in assets under management, according to CompaniesMarketCap.
— Dana Bartholomew
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