MAYFAIR HOTEL PROJECT – EB 5 Project – CA- 66/116

PROJECT INFORMATION & DUE DILIGENCE PROFILE COMPLETED – 15%

Project Description

The property is a 150,000 square feet, 15-story, concrete, steel, and brick hotel building. It has 295 rooms (city records indicate 336 units), a four-level parking structure containing 248 car parking spaces, and is operating with full liquor license and bar. The hotel was built in the early 1920′s, however, major remodeling of the property worth $26 million was completed in 1983 before the 1984 Olympics. This enabled the hotel to retain its “Grandeur of the Era” characteristics, with glass etchings, brass fixtures, skylights, and impressive pillars in the lobby atrium. Its remarkable setting together with its location in the heart of Los Angeles’s Business District, makes this hotel one of Los Angeles’s cosmopolitan hotels. The Orchid Garden Restaurant and Celebrity Lounge (Bar) has also been recently remodeled.
Currently the hotel offers the following features and amenities:
• Full liquor license & bar with kitchen
• Ballroom with a capacity of 150-300 guests
• 2 meeting rooms
• Full laundry room
• 15-story concrete hotel building with 3 passenger and 1 freight elevators
• Full dining room with over 200 seats and kitchen
• Snack shop
• 4-level parking structure with 248 parking spaces
• 295 rooms with full bath, including 2 one-bedroom suites, and 12 mini suites
• 150,000 square feet of building space with over 38,000 square feet of land
• Walking distance to 7th St. Metro Station
The hotel is centrally located near the Convention Center, Staples Center, Dodger Stadium, Los Angeles Coliseum, Music Center, National Jewelry Center, Disney Concert Hall, and Union Station.

FUNDING NEEDED
$50 (MIO)
EB5 FUNDING
$50 (MIO)
EB-5 INVESTORS
100

INVESTMENT AMOUNT
$500,000

CATEGORY
ACCOMMODATION AND FOOD SERVICES
SUB-CATEGORY
HOTELS (EXCEPT CASINO HOTELS) AND MOTELS

LOCATION
STATE
CALIFORNIA
LOCATION
LOS ANGELES