Chinese developer plans W hotel across from L.A. Live

Chinese developer Shenzhen Hazens has plans to build a 30-story hotel alongside two residential towers at its $700 million mega-project across the street from L.A. Live.

Executives with Shenzhen Hazens announced this morning that the 250-room, five-star hotel will be a W Hotel.

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"The selection of the W Hotel brand was based on Starwood's keen understanding of both the Asian and American markets and their ability to deliver on the quality and excitement our customers have come to expect of a Hazens development," Sonnet Hui, executive project director with Hazens, said in a prepared statement.

Hazens plans to begin construction on the hotel in 2017 as part of the first phase of the project, which also includes a 30-story condominium tower. The W Los Angeles Downtown is expected to open in 2019.

The hotel would occupy the northeast corner of 11th and Figueroa streets, with the condominium tower on the northwest corner of 11th and Flower streets. The second phase would demolish the existing Luxe hotel and raise a 42-story condo tower in its place.

Altogether, the project will offer 650 condos along with the 250-room hotel.