• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Condo owners push back on hotel plan near LA Convention Center

1130 Hope St. (Urbanize.city)
1130 Hope St. (Urbanize.city)

Owners of condominiums next to a proposed hotel near the LA Convention Center have asked the city to scrap the project.

Homeowners associations in neighboring high-rise buildings have appealed plans by the El Segundo-based Domyan Group to build an eight-story, 112-room hotel at 1130 S. Hope St., Urbanize Los Angeles reported.

Home owners in the Evo and Luma towers next to the proposed project have appealed to the Central Area Planning Commission, saying that the proposed hotel violates local zoning rules and the Downtown Design Guide.

They also argue the project might have unanticipated environmental impacts.

City planning staff, finding no evidence to support the claims of the homeowners associations, recommended denying the appeal.

Plans to redevelop the 1130 Hope Street site date back nine years, when a different group of developers sought to convert a three-story building that once stood on the property into a 44-room boutique hotel.

After entitlements for that project lapsed in 2018, the early 20th century building was demolished. Domyan Group, which bought the 7,770 square-foot lot for $6.5 million, launched plans for an 11-story, 144-room hotel.

But the Bryan Domyan-led company downsized its proposal last year to feature an eight-story, 47,000-square-foot hotel with 112 guest rooms and 528 square feet of ground-floor retail, about the size of a small cafe or store.

Bucilla Group Architecture, based in Irvine, designed the hotel, which would include parking for 23 cars at the base of the building, with another 21 spaces offsite.

The proposed hotel is a few blocks east of the Los Angeles Convention Center Crypto.com arena. The nearby Los Angeles Convention Center, and the adjacent J.W. Marriott Hotel, have filed joint plans for a $1 billion expansion.

The hotel market in Los Angeles has rebounded from its pandemic doldrums, when bookings last fall were 90 percent of 2019 levels. Across California, 1,250 hotels were on the drawing boards in 2021, compared to 1,245 in 2020.

At the same time, hotel transactions in California hit an all-time record, with investors spending $9.9 billion on hotels in 2021 — four times the total dollar amount spent in 2020. Last year, 510 hotels traded hands, beating the previous record set in 2014, when about 400 hotels sold. Just under 300 hotels were traded in 2020.

[Urbanize Los Angeles] – Dana Bartholomew

[contact-form-7 404 "Not Found"]
Read more
  • Domyan Group downsizes plans for DTLA hotel
  • Developer plans 144-key hotel near near Staples Center
  • Planning Commission clears $1B expansion plan for LA Convention Center, JW Marriott

The post Condo owners push back on hotel plan near LA Convention Center appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 11 March 2022
  • The Real Deal
  • Uncategorized
  •  Like
Aussie spec developer asks $75M in Malibu →← Amazon warehouse in Ventura County changes hands
  • Recent Posts

    • Reality TV personalities Heidi Montag, Spencer Pratt can’t afford to rebuild Palisades home May 19, 2025
    • Historic Fairfax Theatre looks for buyer to drop $45M May 19, 2025
    • Developers sue Beverly Hills after builder’s remedy applications denied May 19, 2025
    • Construction, gridlock don’t stop retail players from getting to ICSC Las Vegas May 19, 2025
    • Celebrity restaurants at hotels drive up average room rates, revenue May 19, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM