DOWNTOWN LOS ANGELES - Another hotel is coming to South Park, and although plans for what is now a derelict structure are early, those involved say it will be a boutique establishment.
The city had initially looked at acquiring a three-story brick edifice at 1130 S. Hope St. and tearing it down to build a park. That plan never came to fruition, and instead the property was purchased by a group of private investors. The group, BIMHF, LLC, has hired an architect and is in the preliminary design and planning phase, said co-owner Rick Son.
While Son said that BIMHF has $25 million in financing "lined up" and the group is looking to open the new hotel in 2014, the room count has not yet been decided. Earlier this week, the website Archdaily.com published renderings purportedly of the project by architecture firm XTEN.
XTEN participated in a design competition for the hotel, but did not win, Son said. He also said the images posted online do not reflect the design direction of the hotel.
“It’s completely different,” he said.
Son said he expects to reveal renderings of the hotel in June.