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Liquidation sale underway at Wilshire Grand Hotel

April 26, 2012 |  1:27 pm

 

The Wilshire Grand Hotel closed Dec. 23 to make way for a new development but is now open as its owner attempts to sell as many appliances and accessories as possible in the coming weeks before the wrecking ball arrives.

The sale is open to the public, and Frank Long, president of the company orchestrating the liquidation, is prepared.

“Will there be clashes?” he asked, referring to buyers who might want the same item. “All day long."

Admission costs $5 and there will be security guards throughout the building.

"We are prepared," Long added. "We know what to expect."

During the sale, visitors can wander through the lobby, the ballrooms and three of the hotel’s 16 floors.

Most everything not bolted down is up for grabs: 2,000-pound ice machines, sinks, coffee pots, coat hangers, floor polishers, beds, paintings, silverware, lamps, furniture, televisions, and marble, brass, wood or bronze building fixtures and three baby grand pianos.

Located on the corner of Wilshire Boulevard and South Figueroa Street, the 60-year-old Wilshire Grand hosted such notables as Pope John Paul II and Presidents Eisenhower and Kennedy.

Its owner, Korean Airlines, had planned on building two towers on the site but has revised the design as a single tower between 65 and 70 stories tall. Details have yet to be announced. The project is slated to be completed in three to five years.

The sale will continue seven days a week from 9 a.m. to 6 p.m. Monday through Saturday and noon to 5 p.m. Sunday until everything is sold.

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--Thomas Curwen and Hugo Martin

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