A 13-story office tower near Los Angeles International Airport will be converted into a 129-room Hyatt House and a 272-room Hyatt Place Hotel, according to an announcement from investment banking firm George Smith Partners.
George Smith Partners, based in Century City, arranged $50 million in construction financing for the conversion project on behalf of the owner, 5959 LLC. The conversion of the 258,000-square-foot building, at 5959 Century Blvd., into a dual-branded hotel is planned for some time in 2019.
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http://labusinessjournal.com/news/2017/nov/16/office-building-near-lax-be-converted-hyatt-hotels/
