Downtown Los Angeles (DTLA) Marriott
Los Angeles, CA
12/31/2027
Maturity Date of Loan
0.25%
Interest Rate
$80K
Administrative Fee
$800K
Investment Amount
Construction
Completion Guarantee.
All Cosntruction Financing in Place
Project has all capital needed for completion, no additional funding required
Location
Downtown Los Angeles, accross the street from the
LA Convention Center and Staples Center
Moxy and AC Hotel
DTLA will feature two of Marriott's top lifestyle brands
Hotel Highlights
- 37 stories with 1,394 sq. m. wrap-around LED screen
- Two of Marriott's top lifestyle brands in one 727 room hotel:
- 380 Moxy
- 347 AC
- Over 6,300 sq. m. of activated public spaces
- 13 food and beverage venues across over 4,930 sq. m.
- 1,083 sq. m. of event space
- Landscaped pool deck and bar
- Brazilian steak house
- Hibachi restaurant
- Japanese restaurant
Timeline
Job Creation
5,136 jobs created
8,457 jobs expected to be created
Investment Summary
All Financing in Place
Lightstone has closed on all construction financing needed for completion
Great Location
DTLA Marriott is across the street from the Los Angeles Convention Center and Crypto.com Arena and steps away from L.A. Live
$550+ Million EB-5 Raised
Lightstone is a premiere EB-5 sponsor with over 1,000 investors
Strong Developer
Lightstone is one of the most diversified privately held real estate companies in the U.S.
Project Auditor
Third party Fund Administrator reviews EB-5 funds
to ensure proper and compliant usage
Government Support
from Los Angeles expected to be $48.5 million
Property Open
Grand Opening April 12th 2023
Marriott Investment
$12 Million
Management Team Track Record
Lightstone has over $7.5 billion in gross assets
Construction Completion Guarantee
A Lightstone affiliate has guaranteed the completion
of the project