Recent History
For its entire history, the Century Plaza had been managed by Western International Hotel, which became Westin hotels. However, in 2006, the property was taken over by the Hyatt brand and is currently a Hyatt Regency. However, the sign above the main entrance still reads Century Plaza Hotel.
On June 1, 2008, Next Century Associates bought the Century Plaza Hotel from Sunstone Hotel Investors Inc. for $366.5 million. The sale price of $505,000 per room is one of the highest-paid for a hotel in California. Sunstone bought the Century Plaza for $293 million in 2005 and then spent $22 million upgrading the guest rooms and common areas.
On December 18, 2008, the new owners announced plans to demolish the hotel and build a pair of fifty-story towers in its place. On April 28, 2009, The Century Plaza Hotel was added to The National Trust for Historic Preservation's list of the 11 most endangered historic places in America. In February 2010, the developer announced that it would renovate the hotel and convert some of the floors to condominiums, rather than demolishing and replacing the building as previously proposed.
The Century Plaza Hotel is featured in the 2008 video game, Midnight Club: Los Angeles, and is mimicked in the 2004 video game, Grand Theft Auto: San Andreas.
Read more about this topic: Century Plaza Hotel
Famous quotes containing the word history:
“There are two great unknown forces to-day, electricity and woman, but men can reckon much better on electricity than they can on woman.”
—Josephine K. Henry, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 15, by Susan B. Anthony and Ida Husted Harper (1902)
“Every library should try to be complete on something, if it were only the history of pinheads.”
—Oliver Wendell Holmes, Sr. (1809–1894)