A Waldorf Astoria resort is finally joining the elite crew of Beverly Hills hotels.
Plans were announced for the new 12-story hotel at a poolside soiree at the Beverly Hilton last week. The new hotel will be the luxury chain’s first U.S. outpost west of Chicago and will become a flagship property for the brand.
The $200 million project is slated to break ground this summer with a completion date of 2017. The hotel will be located at the intersection of Santa Monica and Wilshire boulevards adjacent to the Beverly Hilton, and will also create some changes to the aforementioned property.
The hotel’s Oasis Court, Lanai guest room buildings and its south parking structure will be torn down to make way for the 170-room hotel and its accompanying residences.
According to the LA Times, “the new hotel will be clad in curving white stone inspired by Streamline Moderne style with bronze accents. Guest rooms will have floor-to-ceiling windows that open onto landscaped private balconies. The rooftop swimming pool deck will include greenery, cabanas and a bar and grill exclusive to hotel guests. There will be an upscale restaurant open to the public, stores including jeweler Graff diamonds and a Waldorf Astoria Spa. The hotel will also include meeting space and a ballroom that will hold as many as 200 people.” Its interiors will be done by Pierre-Yves Rochon, who recently redesigned the super-luxe Savoy in London.
The new Waldorf Astoria is being developed by Alagem Capital Group with funds from Guggenheim Partners.