They're revamping the original plan to raze the hotel and build two 50-story high-rises, with condos, offices and retail. Preservationists are tickled (it helps when Diane Keaton is on your side). From the LAT:
As of now, plans call for "sensitive rehabilitation" of the hotel to preserve 400 hotel rooms while converting those on the top floors to 45 condos. Meeting space would be reduced, and a slightly smaller ballroom would replace the existing one. The developer plans to propose other buildings on the site to the rear and/or sides of the hotel and a low-scale structure with some retail shops or restaurants to enliven the front of the hotel.



Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.