$500 million extension to Marriott’s LA Live announced

AEG on Thursday announced it plans to develop a US$500 million, 755-room expansion of the JW Marriott L.A. Live in Los Angeles, which will upon its conclusion create a space with 1,756 rooms and over 200,000 sf. of function space, making it the second largest hotel in California.

Construction is currently contemplated to begin in late 2015 or early 2016, with the new hotel rooms and facilities scheduled to open in 2018.

The new Gensler-designed 38-story tower will occupying a 60,000 square foot site at the northeast corner of Olympic Boulevard and Georgia Street. The development is projected to create more than 3,500 construction-related jobs and more than 500 full- and part-time jobs when the new tower opens.

“AEG’s continued investment in our downtown will further the momentum created by the development of Staples Center and L.A. Live,” said Herb Wesson, president of the Los Angeles City Council. “The continuation of this enormously successful public-private partnership will signal the launch of the much anticipated renovation of the Convention Center while furthering Los Angeles’ international reputation and prominence.”

The new hotel tower will be directly connected to the existing 878-room JW Marriott L.A. Live and 123-room Ritz-Carlton Los Angeles hotels by means of a bridge across Olympic Boulevard. In addition to two levels of below grade parking and ground level retail space, a second floor amenity deck will include a restaurant, bar/lounge, fitness center, executive lounge and pool area with cabanas.

The announced development extends to the existing West Parking Garage “Event Deck,” where AEG will build additional meeting, conference, banquet and ballroom space to support the new hotel rooms. This new compliment of function space totaling over 75,000 square feet would be directly linked via two short bridges to the existing approximately 100,000 square feet of function space immediately to the north of the Event Deck. Combined with the project’s additional outdoor entertainment deck the development will deliver over 200,000 square feet of convention and meeting space.