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$172M Dual-Branded Marriott Opens

LOS ANGELES—The first hotel of its kind to feature both Courtyard by Marriott and Residence Inn L.A. Live rooms on the same floor opens today after two years of development.

By Kelsi Maree Borland | Updated on July 01, 2014

LOS ANGELES—The West Coast’s first dual-branded Marriott hotel opens today in Downtown Los Angeles. The $172-million development brings Courtyard by Marriott rooms and Residence Inn rooms together in the same building, located adjacent to the J.W. Marriott at L.A. LIVE.

Developers American Life Inc. and Williams & Dame Development launched the project two years ago. 95% of the project was funded using the EB-5 funding program, which allows foreign investors to invest capital in job-creating projects in exchange for permanent residency in the US. These foreign investors put up a minimum of $500,000 in capital for the project.

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