Funding

Funding Needed
$168 (Mio)
EB5 Funding
$50.3 (Mio)
EB-5 Investors
101
Investment Amount
$500,000

Jobs

Category
Accommodation and Food Services
Sub-Category
Hotels (except Casino Hotels) and Motels

Location

State
California
Location
Los Angeles

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Viji Durga

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901 WEST OLYMPIC BOULEVARD, LP (COURTYARD MARRIOTT/RESIDENCE INN)


Developer Name
American Life Inc

Project Description

A brand new Marriott Hotel in Los Angeles, California is being developed by American Life, Inc., the Marriott Corporation, and William & Dame Development. This co-branded hotel project consists of 175 Courtyard by Marriott hotel rooms and 218 Residence Inn by Marriott rooms, providing extended-stay accommodations with a kitchen and business office. This $168 million project is estimated to open July 2014. The location of the hotel is in a neighborhood commonly referred to as the “LA Live” entertainment center. This world-class entertainment district is located in downtown Los Angeles and includes major attractions, such as the Staples Center,the Nokia Theater the Grammy Museum, Los Angeles Convention Center and numerous residential condominiums, retail shops, theaters, restaurants, and night clubs. This 4 million sq. ft. mixed-use environment costs about $2.5 billion to develop. The LA Live project opened to the public in October 2007 and continues to add investment in nearby residential, office space, and hotels.

Located in downtown Los Angeles the new Marriott Hotel will be part of the second largest economy in the United States. With a population of 3.8 million people, Los Angeles is a world center of business, international trade, entertainment, culture, media, fashion, technology and education. 

Features:

  • Courtyard guestrooms: 175 (traditional hotel rooms)
  • Residence guestrooms: 218 (extended-stay rooms)
  • Restaurant and bar: 140 seats
  • Meeting space: 8,000 SF/743 m2
  • Recreational facilities: Outdoor pool, whirlpool and fitness center
  • Parking spaces: 90 plus leasing additional
  • Retail space: 5,500 SF/ 511 m2

Project Timeline

Grand opening June 2014.


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