LVMH Stopped From Building a Luxury Hotel in Beverly Hills
25.08.2023 - 13:29
/ skift.com
/ Sean Oneill
Here are some excerpts from Daily Lodging Report from the past week. Jump to Tuesday, below, for the headline story. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Lightstone has opened a dual-branded hotel tower in Downtown Los Angeles. The 37-story tower, the first component of a two-tower project, includes 727 guestrooms divided between the Moxy Downtown Los Angeles and AC Hotel Downtown Los Angeles. The AC and Moxy hotels are the initial component of the larger Fig + Pico development, which would see the construction of a smaller 27-story tower containing 378 guest rooms. A Hilton Garden Inn had previously been slated for that building, Urbanize reported.
Quorum Hotels & Resorts announced the Inn at the Pier in Pismo Beach, California has joined the Curio Collection by Hilton. Owned by Somera Capital Management, the Inn is the first lifestyle Hilton property in the Pismo Beach market. The 104-room hotel received a multi-million-dollar renovation and will get a new rooftop restaurant and bar this summer.
Hilton announced the opening of Canopy by Hilton San Francisco SoMA. The 12-story property includes 194 guestrooms, a rooftop lounge, a street-level coffee shop, a fitness center, and five meeting rooms offering 4,400 square feet of event space.
Shaner Hotels announced the acquisition of the 86-room Hampton Inn & Suites by Hilton Hershey in Pennsylvania. Shaner also will operate the property and plans to implement $1.2 million in renovations to remodel guest rooms completely. The property offers a Sweet Shop, fitness center and heated indoor pool. Additionally, the company announced it will break ground on another hotel, a TownePlace Suites, in the coming months.
Skift Take: There’s a global wave of renovations happening at hotels as properties catch-up on maintenance and improvements after the pandemic crush and supply-chain disruptions.
LVMH Moet Hennessy Louis Vuitton is scrapping plans to build a luxury hotel in Beverly Hills after residents in the city appeared to vote against the project, the Wall Street Journal reported. The company confirmed that two measures on the Cheval Blanc Beverly Hills project had fallen short by a narrow margin. LVMH’s offer got shot down by voters swayed by union organizers decrying the lack of affordable housing in the area, the Financial Times reported.
Vector Hospitality has plans to add nearly 350 hotel rooms to downtown Knoxville, Tennessee. Plans include a seven-story, 162-room AC Hotel by Marriott on Walnut Street and Locust Street, as well as a 175-room Tempo by Hilton hotel and 275-space parking deck on W. Church Street. Tempo is still in its planning phase. The AC’s