LOS ANGELES—It's official: InterContinentalwill be the hotel operator at KoreanAir's $1.1 billion Wilshire Granddevelopment in Downtown Los Angeles. The highly anticipated newscame yesterday when the Wilshire Grand team signed the finalcontract with the luxury hotel operator at a press conference. Thehotel will open in early 2017.


The InterContinental hotel will occupy the majority of the73-story, 1,100-foot tower, which will become the largest buildingon the West Coast once complete. Additionally, the 900-room hotelwill be the largest InterContinental hotel in the Americas, and thefirst InterContinental hotel brand in Downtown Los Angeles in 15years.


As announced earlier, guests will enter the hotel througha sky lobby, accessed after a 40- to 50-second elevator ride. Thelobby will be located on the 70th floor of the building.The hotel guestrooms will be located on floors 31 through 69. Office and retail space willoccupy the remainder of the building, as well as a restaurant,which will be located on one of the top floors.


We will update this story with more information about theproject as it becomes available.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.