A long-planned $2.5-billion overhaul of the Century Plaza Hotel and adjacent land in Century City, including the addition of two 46-story residential towers, is set to begin March 1.
When completed in early 2018, the 49-year-old landmark will be remodeled in hopes of becoming a five-star hotel, with the total room count reduced to 394 from 726, according to Woodridge Capital Partners, which is leading the project.
The two towers, located behind the crescent-shaped hotel, will feature 290 luxury residences.
The project was announced in 2010 and won Los Angeles City Council approval in 2013. The developer is Next Century Associates of Los Angeles and the architect is Pei Cobb Freed Partners, along with several other consultants.
The hotel employs about 500 workers, who will be offered a chance to apply for their jobs once the hotel reopens.