Sheraton Grand Los Angeles

Los Angeles, CA

Built in 1973, the full block development in Downtown Los Angeles consisted of a 485-key hotel in addition to a 32-story, 800,000-square-foot office building, an enclosed two-story 420,000-square-foot shopping mall (anchored by Macy’s), and a six-level parking structure with 2,000 parking spaces. In 2013, National and a local partner purchased the property. At acquisition, the Sheraton hotel was not meeting brand standards so National Development, through their relationship with Starwood from the Westin Phoenix, worked through a Property Improvement Plan to secure the brand flag.


Upon purchase, the entire hotel was in immediate need of a refresh. National Development’s redevelopment plan included studying impactful changes to the physical improvements, such as bringing the lobby from one floor below the street level up to the street, and creating a roof deck for events including a water and fire feature. The different renovation plans were analyzed and ultimately a more robust reconfiguration and renovation of all interior areas of the hotel was pursued. The brand supported our efforts by designating the hotel as a Sheraton Grand, a higher echelon within the Sheraton brand. Since completion, the Sheraton Grand has consistently ranked in the top 5% for hotels in Los Angeles on TripAdvisor.

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Property Details

Property Type
Hospitality

Status
Operating

Rentable SF/Units
450,000

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Sheraton Grand Los Angeles

National Real Estate Development