Sumitomo to Revamp InterContinental Century City for $98 Million
Background
Four years ago, Sumitomo Realty & Development quietly closed its InterContinental Century City hotel at the dawn of the pandemic. The 17-story, 375-room hotel is located at 2151 Avenue of the Stars, next to Fox Studios.
Recent History
The hotel, previously known as the J.W. Marriott and later the Park Hyatt, was acquired by Sumitomo in 1989 for $85 million. In 2016, the hotel gained notoriety when a lawsuit alleged that Sean "Diddy" Combs had purchased a hallway security video of him allegedly kicking his ex-girlfriend Cassie Ventura for $50,000. Combs is currently in a New York jail, where he is awaiting trial on federal charges of coercing and abusing women.
Renovation Plans
This month, the Los Angeles Department of Building and Safety issued Sumitomo a construction permit for a $98 million renovation of the hotel. The project, designed by Gensler and Pankow Builders, will include makeovers to the building’s infrastructure, public areas, guestrooms, restaurants, lobby, reception areas, meeting rooms, and offices.
Upgrades
The renovation will feature a new pool bar, restrooms, and boardroom on the second floor, as well as a converted guest room suite to be used as an office for human resources staff. The exterior will also include the addition of a new trellis at the ground floor, as well as new "hardscaping" such as rocks, gravel, and wood, and landscaping.
Timeline and Reopening Date
A timeline for construction and a scheduled reopening date have not been disclosed.
About Sumitomo Real Estate & Development
Sumitomo Real Estate & Development, founded in 1949, is one of the largest developers in Japan, with $44 billion in assets under management, according to CompaniesMarketCap.
Related News
- Fox moves forward on studio lot redevelopment in Century City
- Fox to add nine soundstages to Century City movie lot
- Reuben Brothers’ Century Plaza nabs first wellness center from Sam Nazarian, Tony Robbins
FAQs
Q: What is the scope of the renovation project?
A: The project will include makeovers to the building’s infrastructure, public areas, guestrooms, restaurants, lobby, reception areas, meeting rooms, and offices.
Q: What is the total cost of the renovation?
A: The total cost of the renovation is $98 million.
Q: When is the scheduled reopening date for the hotel?
A: A timeline for construction and a scheduled reopening date have not been disclosed.
Q: What is Sumitomo Real Estate & Development?
A: Sumitomo Real Estate & Development is one of the largest developers in Japan, with $44 billion in assets under management, according to CompaniesMarketCap.
