Published On: Mon, Jul 31st, 2017

Downtown Los Angeles to Welcome Park Hyatt


PHOTO: Park Hyatt Los Angeles will be part of Oceanwide Plaza, a Downtown LA mixed-use development currently under construction. (photo courtesy of Oceanwide Plaza)

Los Angeles is a hospitality market where luxury brands seem to struggle to keep a foothold.

The landscape tends to change frequently with the changing tides of neighborhood trendiness and the whims of property owners. A few iconic, historic hotels have kept their place while other brands seem to drift in and out of the City of Angels.

Just announced, however, is Los Angeles’ first luxury hotel operating under the Park Hyatt flag, the Park Hyatt Los Angeles. The hotel will be the sixth U.S. property and the second in California for the brand, which focuses on personalized luxury service and hotels designed with a serene, residential feel. Planned for the hotel are 184 guest rooms, including 34 suites, which design firm Studio Munge has been selected to concept.

The hotel is being developed to open in 2019 as part of a Downtown LA mixed-use development immediately adjacent Staples Center, which will also include a “curated” retail and restaurant component with seven stories of storefronts topped by an open-air galleria and wrapped by a 700-foot ribbon of LED signage which will project onto Figueroa Street

Park Hyatt will also join other hotel brands in the luxury sector by entering the residence market—a first for the brand—with the introduction of The Park Hyatt Los Angeles Residences at Oceanwide Plaza. Residence sales are set to launch in 2018 for 164 units.

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Having been wowed by Park Hyatt properties in New York and Buenos Aires, it’s exciting to watch what is planned for the development of another Park Hyatt location in one of the world’s most sought-after leisure and entertainment destinations.

Downtown Los Angeles has seen a surge of interest from developers during the past several years and hotels are of particular interest. The Downtown area has welcomed a number of new high-profile properties since the 2010 opening of the JW Marriott and Ritz-Carlton, including the recent opening of IHG’s flagship InterContinental Los Angeles Downtown.

The Oceanwide Plaza development of which the hotel is a part is part of Oceanwide Holdings Co. Ltd, one of the largest non-government controlled corporations in the People’s Republic of China.


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