Downtown L.A. hotel to rebrand as a Hyatt Regency

The Los Angeles Business Journal reports that Chinese hotel ownership group Shenzhen New World Group Co., which owns the L.A. Hotel Downtown, at 333 S. Figueroa St., will spend $20 million to convert the hotel into a Hyatt Regency.

Work on the 500-plus-room independent hotel is expected to be completed by May, with all rooms being upgraded, as well as the hotel's 22,000 square feet of meeting space.

Each of the rooms will be redone with wall treatments, carpet, upgraded bathrooms, and new bedding and furnishings.

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