In 2009, the National Trust listed the hotel as one of America's11 most endangered historic places. Next Century and thepreservation groups now say that they have worked collaborativelyto come up with a proposal that would preserve the hotel whileallowing for new development on the hotel site at 2025 Avenue ofthe Stars.

The plan unveiled in 2008 called for a 240-room hotel and 163hotel residences, 130 luxury condos, 100,000 square feet of officespace and 106,000 square feet of retail shops and restaurants, aspa and a fitness center. Cost of the new plan has yet to bedetermined, pending final planning and approvals.

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