Hanjin Group, parent company of Korean Air, said Wednesday that it will open a 73-floor hotel in downtown Los Angeles later next year, as part of efforts to expand its hotel business overseas.
The announcement came during a topping-out ceremony held to celebrate the completion of the concrete frame of Wilshire Grand Hotel in the city.
The final piece of steel is hoisted during the topping-out ceremony at The Wilshire Grand Hotel. (Hanjin)
The ceremony was attended by Chris Martin, CEO of architecture firm AC Martin, Brendan Murphy, vice president of Turner Construction, Lee Seung-bum, senior vice president of Korean Air and roughly 800 construction workers, the group said.
The group has invested $1 billion to build the 252-meter hotel that includes about 900 hotel rooms. The construction of the hotel is set to be completed in the first half of 2017.
By Won Ho-jung (
hjwon@heraldcorp.com)