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Article: Convention officials wonder if they'll get a hotel. (Calmark Holding Corp. goes bankrupt, fails to build hotel adjacent to Los Angeles Convention Center)
- Article from:
- Los Angeles Business Journal
- Article date:
- April 23, 1990
- Author:
CopyrightCOPYRIGHT 1990 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Convention officials wonder if they'll get a hotel
Long-delayed deal dies; property owner isn't talking
The big question in downtown Los Angeles convention and hospitality industry circles last week was this: What is Ohbayashi America going to do with land it owns next to the city Convention Center -- and when is it going to do it?
Time is of the essence. The city-owned Convention Center is undergoing a $390 million expansion, publicly financed, and slated for a spring 1992 re-opening.
A first-class hotel within walking distance of the new convention center is considered vital to its success -- yet there are no such accommodations ...