DTLA Hotel Plan at 1130 S. Hope St. Resurfaces

Key Points

• Long stalled plans for an 11 story, 112 room hotel in Downtown Los Angeles are resurfacing
• The developer is seeking up to $85M in state bond financing, with no city funds involved
• The push appears tied to the $2.6B Los Angeles Convention Center expansion

After more than a decade of inactivity, plans to build a hotel at 1130 S. Hope Street in Downtown Los Angeles are showing new signs of life. The site, which currently sits vacant amid a cluster of modern high-rise towers, has long been targeted for hotel development. While the most recent proposal dates back to 2020, renewed political action suggests the long-dormant project may finally be inching forward.

A Long-Stalled DTLA Hotel Site

Owners of the property at 1130 S. Hope Street have sought to develop a hotel on the site for years. The most recent application, filed in 2020, called for an 11-story hotel replacing an early 20th century brick building that once occupied the parcel. As Downtown Los Angeles struggled to regain momentum following the pandemic and office demand softened, the likelihood of the project moving forward appeared slim. That calculus may now be changing.

State Financing Request Sparks Momentum

On January 27, Ysabel Jurado, who represents the city’s 14th District, introduced a motion indicating that CFP3 Hope Street, LLC is seeking upwards of $85 million in state bond financing to construct the hotel. The entity is linked to Community Facility Public Private Partnerships, a Minnesota-based nonprofit involved in public-private development initiatives. According to the motion, the revised plan still calls for an 11-story building with 112 guest rooms, along with ground-floor retail space. While the City of Los Angeles is required to review and approve the financing request, no city funding would be used to build the project.

Convention Center Expansion Drives Demand

The renewed interest appears closely tied to the $2.6 billion expansion of the Los Angeles Convention Center, which broke ground late last year. The project will significantly expand the convention center’s footprint by adding a new structure that bridges across Pico Boulevard. City officials have repeatedly pointed to a shortage of nearby hotel rooms as a major constraint on the convention center’s competitiveness, alongside limitations in exhibition space. Following the groundbreaking, officials noted that more than 4,000 hotel rooms had already been approved in surrounding areas but never built. Reviving stalled hotel projects like 1130 S. Hope Street could help close that gap as Los Angeles competes for large-scale conventions and events.

South Park Location Back in Focus

The hotel site sits in the South Park submarket of Downtown Los Angeles, within walking distance of the convention center, Crypto.com Arena, and LA Live. Before the pandemic, the area saw a surge of residential towers, hospitality projects, and mixed-use development driven by tourism and event-based demand. While hotel financing remains selective, proximity to a massively expanded convention center could make projects like this more attractive to lenders and public financing partners.

What Comes Next

Councilmember Jurado’s motion has been referred to the Los Angeles City Council for consideration at a future meeting. Any approval would clear a key hurdle for the developer to access state bond financing and move the long-idled project closer to construction. 

Bottom Line

The reemergence of plans for a hotel at 1130 S. Hope Street highlights how public infrastructure investment can breathe new life into stalled private developments. As the Convention Center expansion reshapes Downtown’s hospitality needs, long-dormant hotel projects may finally find a path forward.