New DTLA Boutique Hotel Will Take Over Stunning Historic Art Deco Building
Downtown L.A. is getting yet another new hotel: a boutique hotel based on Sunset Boulevard's Hyde restaurant and cocktail lounge. The new hotel will take over the 13-story Foreman & Clark building at 7th and Hill, according to DTLA Rising. The art deco building was built in 1929 and sold in 2012 to a Kyung Ku Cho, a Los Angeles doctor. Initially, DTLA Rising heard that Cho was in talks with the Gansevoort Hotel in New York.
Hyde Hotels and Residences is still a pretty vague plan, but the hotel will be based on the Hyde brand, which includes the hip restaurant and lounge in WeHo and clubs in Vegas and Florida. They're also opening two similar Hyde hotels in Florida, according to The Hollywood Reporter.
Hyde is owned by Los Angeles-based hospitality company SBE Entertainment Group, which also has a hand in the SLS Hotels, Umami Burger and Katsuya. SBE owner Sam Nazarian got into a bit of trouble with Nevada's Gaming Control Board last year over drug use, extortion, and making payments to convicted felons, but was ultimately allowed to keep his gaming license.