L.A. Live head hints at another downtown hotel
At the topping-off ceremony for the 54-story residential-hotel tower that is the centerpiece of the L.A. Live complex in downtown, Tim Leiweke, president and CEO of AEG, hinted that more is on the way.
He said the company might soon be building a third hotel in the area, after the JW Marriott and Ritz-Carlton hotels that will be part of the tower when it opens in 2010.
Before three steel beams were raised by a yellow construction crane into place on top of the building, Leiweke told the hundreds of assembled workers that he was prepared "to use all of our resources to find another hotel for you to build."
Leiweke said that he had spoken with Mayor Antonio Villaraigosa and Councilwoman Jan Perry about the plan for a third hotel, and they had assured him that they would help. "We need more rooms down here, and you need jobs. So we'll see what we can do."
There were no firm details on the new hotel project, but a third hotel was entitled for a lot near the corner of Olympic Boulevard and Francisco Street as part of the L.A. Live project. A spokesman for AEG said that the company was still planning on building the project, and executives were looking for funding and a hotel operator.
--Cara Mia DiMassa
Photo: Spencer Weiner / Los Angeles Times