Downtown Los Angeles Marriott, Los Angeles
Cal-Coast acting as Investor and Asset Manager was able to oversee and complete a $12.5M structural and mechanical renovation, as well as a $25MM Property Improvement Plan upgrade on the 469 room Marriott hotel located in downtown Los Angeles. The property included 3 restaurants, 32,330 square feet of ballroom, meeting rooms and public space, as well as 33,000 square feet of office and a 3 screen theater. Post renovation the Downtown Los Angeles Marriott saw a substantial increase in occupancy and ADR and Cal-Coast succeeded in improving the overall profitability of the asset.
- Year Repositioned: 2007
- Keys: 469
- Address: 333 S. Figueroa Street, Los Angeles, CA