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LOS ANGELES-The Century Plaza Hotel in Century City has been nominated for designation as a Historic Cultural Monument, the culmination of an effort to preserve the hotel just a few years after new owners stated they wanted to demolish it.

The nomination is part of an overall plan to ensure the hotel’s prominent place as part of a planned 1.5-million-square-foot, mixed-use development plan. The Century Plaza was the venue for this year’s RealShare Los Angeles conference, the 1970 and 1971 Grammy Awards, as well as the 2009 and 2010 Visual Effects Society‘s annual awards. It has hosted many presidents and foreign dignitaries, including Ronald Reagan, Moshe Dyan and Prince Phillip.

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