Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOLLYWOOD-The W Hotel & Residences chain has confirmed that it plans to join the $326-million Hollywood and Vine redevelopment project with a property to be jointly developed with HEI Hospitality and Gatehouse Capital. The property will include approximately 300 rooms and 150 W Residences, a restaurant, a rooftop bar, a 9200-sf spa and a pool.

GlobeSt.com reported last month that HEI had proposed the new W property, but the deal was considered a proposal only. The W chain’s parent company, Starwood Hotels and Resorts Worldwide Inc., has now signed a formal agreement with Norwalk, CT-based HEI and Dallas-based Gatehouse. The hotel will be operated by Starwood and is scheduled to open in 2008.

The Hollywood and Vine retail and housing project is one of the highest profile redevelopments in the city and is being developed under the aegis of the Los Angeles Community Redevelopment Agency. The project area is a 4.6-acre site on the block bounded by Hollywood Boulevard on the north, Argyle Avenue on the east, Selma Avenue on the south and Vine Street on the west. It is near the Hollywood/Vine Metro Rail Station and landmarks like the Kodak Theater, home of the Academy Awards show.

The hotel will be the chain’s second in Los Angeles. Its 150 residences will include units of one, two and three bedrooms with views of the Hollywood Sign. Residents of the units will have access to the hotel, including the private rooftop pool and fitness center, 24-hour room service, daily housekeeping and concierge services.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.