InterContinental Hotels Group has signed a new 900-room InterContinental Hotels & Resorts property in downtown Los Angeles. The hotel will be part of Korean Air and Hanjin Group's more than $1.1-billion new-build Wilshire Grand project. Once completed, it will be the largest InterContinental hotel in the Americas region.
The 73-story, 1,100-foot tall development is also set to be the tallest building in the western United States, providing unobstructed 360-degree views of the city. Currently under construction, the development will house the InterContinental hotel as well as offices and retail space. The hotel will be the first on the west coast to have a sky-lobby, which is located on the 70th floor. It is set to open in 2017 and will be the first hotel built by Korean Air in the U.S.
Kirk Kinsell, president, the Americas at IHG, said: "InterContinental Hotels & Resorts is IHG's luxury brand, which we have grown to be more than twice the size of any other luxury brand globally. We remain focused on building its presence in top-tier cities and resorts around the globe; and our partnership with Korean Air is very much in line with this strategy. We are pleased to be working with such highly experienced owners."
Heather Cho, VP of Hanjin International Corp commented: "We are delighted to have InterContinental Hotels & Resorts join our Korean Air family of hotels. The InterContinental brand is well-respected by world travelers and embodies the luxury experience we intend to provide at the Wilshire Grand. They recognized the potential of this significant project and that was important in our decision."