Wilshire Grand to Cease Operations

29th March 2010 (Last Updated March 29th, 2010 18:30)

The Wilshire Grand hotel in Los Angeles, USA, will cease operations to make way for a 560-room luxury hotel and 65-storey office tower on the site. The proposed $1bn redevelopment is still under review by the city, and no date has been set yet. Korean Air owns the property,

The Wilshire Grand hotel in Los Angeles, USA, will cease operations to make way for a 560-room luxury hotel and 65-storey office tower on the site.

The proposed $1bn redevelopment is still under review by the city, and no date has been set yet.

Korean Air owns the property, which spans 3.2 acres.

Korean Air chairman Yang-Ho Cho said the project will give the downtown area its first new class-A office building in more than 20 years and would create 12,000 jobs.

Originally part of a nationwide hotel chain Los Angeles Statler, the Wilshire Grand later became the Statler Hilton and then the Omni before taking on its current name.