When it's complete in 2017, the $1.1 billion Wilshire Grand Center in downtown Los Angeles will be the tallest building in the western United States. It also will be home to the largest InterContinental hotel in the Americas region, according to InterContinental Hotels Group (IHG), which last week announced plans to open a 900-room hotel inside Wilshire Grand Center.
Currently under construction, Wilshire Grand Center will have 73 stories reaching an altitude of 1,100 feet. It is being built by Hanjin Group, a Seoul-based holding company that includes Korean Air.
"We are delighted to have InterContinental Hotels & Resorts join our Korean Air family of hotels," Heather Cho, vice president of Hanjin International Corp., said in a statement. "The InterContinental brand is well-respected by world travelers and embodies the luxury experience we intend to provide at the Wilshire Grand. They recognized the potential of this significant project and that was important in our decision."
Added Kirk Kinsell, president, the Americas, at IHG, "InterContinental Hotels & Resorts is IHG's luxury brand, which we have grown to be more than twice the size of any other luxury brand globally. We remain focused on building its presence in top-tier cities and resorts around the globe; and our partnership with Korean Air is very much in line with this strategy. We are pleased to be working with such highly experienced owners."