Korean Air, the country’s largest airline, is expanding its hospitality offerings with plans to build a new hotel in Los Angeles.
The 900-room hotel will top the brand new $1.1 billion Wilshire Grand Project development in downtown, slated to open in 2017. InterContinental Hotels Group has signed an agreement to manage the hotel.
At 73-stories totaling 1,100 feet, the new property is set to the tallest building in the Western U.S.
"InterContinental is an international luxury brand like Korean Air, and we share the same vision," said Heather Cho, vice president of Hanjin International Corp, in a recent press statement.
The luxury property will boast a lobby on the 70th floor. The first 30 floors of the development will be devoted to offices and retail stores, while the hotel will occupy floors 31 through 73, affording 360-degree views of the city.
Downtown Los Angeles is experiencing a revival with three new hotels under construction totaling over 1,500 rooms, according to Lodging Econometrics, a research firm, reported by USA Today. STR Global, a firm that tracks hotels around the world, reports that there are 11 projects in planning or construction phases totaling over 2,800 rooms.
The new project will the fifth hotel for Korean Air which currently operates properties South Korea and Hawaii.