Chinese developer Shenzhen Hazens is taking advantage of Downtown's growing demand for hotel rooms, with plans to build a 30-story hotel alongside two residential towers at its $700 million mega-project across the street from L.A. Live.

Executives with Shenzhen Hazens announced this morning that the 250-room, five-star hotel will be a W Hotel, which is part of the Starwood Hotel and Resort group.

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"The selection of the W Hotel brand was based on Starwood's keen understanding of both the Asian and American markets and their ability to deliver on the quality and excitement our customers have come to expect of a Hazens development," Sonnet Hui, executive project director with Hazens, said in a prepared statement.

Hazens plans to break ground on the hotel in 2017 as part of the first phase of the project, which also includes a 30-story condominium tower. The W Los Angeles Downtown is expected to open in 2019.

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The hotel would occupy the northeast corner of 11th and Figueroa streets, with the condominium tower on the northwest corner of 11th and Flower streets. The second phase would demolish the existing Luxe hotel and raise a 42-story condo tower in its place.

Altogether, the project will offer 650 condos along with the 250-room hotel.

The W joins a number of hotels that are being built in Downtown. Anschutz Entertainment Group is planning a 755-room tower at L.A. Live as an expansion for its existing J.W. Marriott. Shanghai-based Greenland Group is building a 350-room hotel at its nearby Metropolis mega-project, and it has announced the operator will be Hotel Indigo.

Plans are also underway for a pair of hotels near the Historic Core and Financial District from New York City-based Sydell Group, and another developer, Chetrit Group, is finalizing work on two hotels in South Park and near Pershing Square.