Over the last decade, a renaissance of development has turned downtown Los Angeles into one of the West Coast's most popular meeting destinations. The renaissance isn't over yet, however: According to the Los Angeles Times, the Los Angeles City Council has approved a plan to build a 1,153-room hotel complex across from the Los Angeles Convention Center (LACC).
Spearheaded by New York-based developer Lightstone Group, the new hotel complex -- dubbed Fig + Pico, for the intersection at which it will sit -- will consist of three hotels inside two towers, which will be 38 and 27 stories tall, respectively. The taller tower will include two hotels and nearly 12,000 square feet of meeting space serving all three hotels as well as two landscaped pool decks -- one for each of the tower's two brands. The smaller tower, meanwhile, will house the third hotel and a third rooftop pool deck. Collectively, the two towers also will offer approximately 13,000 square feet of ground floor commercial space for retail stores and restaurants.
Backers say the hotels will help Los Angeles reach its goal of having 8,000 hotel rooms within walking distance of the LACC, which the city deems critical to competing with other California destinations like San Diego and Anaheim.
"This project will provide visitors with strategically located, attractive, and affordable lodging options, while also materially improving our ability to compete for conventions," Los Angeles Department of Convention and Tourism Development Executive Director Doane Liu said, according to the Times.
Lightstone Group's project -- which is expected to be complete in 2022 -- isn't the only major hotel development planned for downtown. According to the Times, LACC operator AEG last week announced plans to build an 850-room JW Marriott hotel adjacent to the convention center; if built, it will have a 51,000-square-foot ballroom -- the largest in Los Angeles.