IHG to Develop InterContinental Hotel in Downtown Los Angeles
September 26, 2014
InterContinental Hotels Group (IHG) announced the signing of a new 900-room InterContinental Hotels & Resorts property in downtown Los Angeles, California. The luxury hotel will make its mark on the city’s skyline as part of Korean Air and Hanjin Group’s more than $1.1 billion new-build Wilshire Grand project.
The 73-story development, set to be the tallest building in the western United States, will boast unobstructed 360-degree views of Los Angeles. Currently under construction, the development will house the InterContinental hotel, offices and retail space. The hotel will be the first on the West Coast to have a sky-lobby, which is located on the 70th floor.
Kirk Kinsell, president, the Americas at IHG, said, “InterContinental Hotels & Resorts is IHG’s luxury brand, which we have grown to be more than twice the size of any other luxury brand globally. We remain focused on building its presence in top-tier cities and resorts around the globe; and our partnership with Korean Air is very much in line with this strategy. We are pleased to be working with such highly experienced owners.”
Heather Cho, vice president of Hanjin International Corp, said, “We are delighted to have InterContinental Hotels & Resorts join our Korean Air family of hotels. The InterContinental brand is well-respected by world travelers and embodies the luxury experience we intend to provide at the Wilshire Grand. They recognized the potential of this significant project and that was important in our decision.”