Century Plaza Hotel in Los Angeles to undergo $2.5B update

The Century Plaza Hotel in Century City, Los Angeles, is closing March 1, 2016, to begin a $2.5-billion restoration.

The property is expected to re-open early 2018. The the 1.5-million-square-foot hotel and mixed use development will include two 46-story luxury residential towers, restaurants, retail shops and a newly designed 400 room 5-star hotel.

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The hotel was designed by Minoru Yamasaki and will include 394 guestrooms and suites and 63 residences in its update. The property's open-air lobby will be updated by design firm Yabu Pushelberg. The hotel's two 46-story towers were designed by Pei Cobb Freed and will have 290 luxury residences after completing the project.