downtown los angeles, south park

5-Star Park Hyatt Hotel to Anchor Oceanwide Plaza in Downtown LA

The massive $1 billion Oceanwide Plaza will be anchored by the exclusive Park Hyatt hotel, becoming the only "urban Park Hyatt" on the West Coast (for now)

Big news comes to South Park this week regarding the massive Oceanwide Plaza project being built across the street from the Staples Center and LA Live complex. The Wall Street Journal released an article this past Monday confirming our initial report that Park Hyatt has been chosen to anchor the $1 billion mixed-user, ousting the still-untested Roberto Cavalli hotel brand that was originally slated to go into the Oceanwide Plaza. DTLA Rising first reported that Park Hyatt was the likely replacement for Cavalli back in Feb 2016.

Park Hyatt will be housed in a 49-story high-rise tower located along 11th Street between Figueroa and Flower. The tower will include 183 hotel rooms as well as luxury condos. Two more twin 40-story towers will rise just south of the hotel. In total, there will be 504 condominiums for sale within three towers sitting on top of a large 166,000 square foot shopping center when the project is completed in early 2019. Renderings of the project also show that an exciting and visually stunning 700-foot long LED signage board will wrap the exterior of the shopping center along Figueroa.

Park Hyatt coming to Oceanwide Plaza is yet another very strong sign that the Downtown LA hotel market is hotter than ever with another 900-room Intercontinental going into the Wilshire Grand up the street. This is a huge win for DTLA as the posh hotel chain is not only the most prestigious and exclusive brand in Hyatt’s extensive portfolio, but the new downtown location will be the only “urban Park Hyatt” on the West Coast (and the only other Park Hyatt on the West Coast is a suburban Park Hyatt resort in Carlsbad near San Diego). In fact, there are only three other urban locations in the United States including: New York, Chicago, and Washington DC. To me, having Downtown LA join an exclusive list of the most sophisticated urban centers in the country is very exciting, indeed.

According to David Tarr, a senior vice president at Park Hyatt, they’ve been looking to open a location in Los Angeles for the last decade and it’s really Downtown LA’s development boom that grabbed their attention.

“A decade ago Downtown LA probably wouldn’t have fit the bill” for a new Park Hyatt, Tarr said in the WSJ article. “Today it absolutely does.”

For renderings of the project, click here.

When completed in early 2019, the $1 billion Oceanwide Plaza will augment the growing DTLA skyline

When completed in early 2019, the $1 billion Oceanwide Plaza will augment the growing DTLA skyline

The Park Hyatt, seen here in the foreground under construction, will be the only "urban Park Hyatt" location on the West Coast

The new DTLA Park Hyatt, seen here in the foreground under construction, will be the only “urban Park Hyatt” location on the West Coast

Circa is another large project rising just south of Oceanwide Plaza and will have twin 36-story towers with luxury apartments over 50,000 square feet of retail

Circa is another large project rising just south of Oceanwide Plaza and will have twin 36-story towers with 648 luxury apartments over 50,000 square feet of retail

The numerous cranes throughout DTLA always remind me of the symbolic phoenix rising from the ashes

The numerous cranes throughout DTLA always remind me of the symbolic phoenix rising from the ashes

7 Comments

  1. Mike Chen says

    My sister is a huge fan of Park Hyatt. Their service is impeccable apparently. This really is a huge win for DTLA. Now with W Hotel coming across the street, it’s really starting to feel like a tourist trap! lol

  2. Arcane says

    I heard Dave and Busters was looking at this place and Circa across the street. Anyone know what else is supposed to go in here?

    • FCDTLA says

      I think they want to make it super fancy like Coach and LV stores. DB is too ghetto I think.

      • Arcane says

        Most of the people going to Staples Center are going to be Dave and Buster’s key demographic don’t you think? I wouldn’t call it “ghetto” either.

  3. South Park Resident says

    I live nearby facing west and kind of bummed these are going up that will block my views, but at the same time I’m excited that South Park is getting more stuff. We really could use a few more places to walk to and if there will be some shopping included with this then I’m all for that.

    • Exactly. Having more amenities and services in the community will heavily, heavily outweigh the views lost from high-density developments in an urban setting — a lifestyle that is supposed to depend on walking and taking transit to get to things. Without lots of retail and services outside your building, you’ll stay cooped up in your high-rise unit, and that is most definitely NOT the main point of urban living. If people want just their “views,” then I would suggest you move to the surrounding suburban hills where you’ll always keep your view that will never be obstructed (but you’ll end up having to drive everywhere).

  4. sebstian says

    A Hard Rock Hotel / Café would be good in this vicinity.

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