Lightstone Celebrates Topping Out of Dual-Branded Marriott Moxy and AC Hotels in Downtown Los Angeles

USA, Los Angeles, California. September 15, 2021

National real estate investor and developer Lightstone, announced the topping out of construction on the dual-branded Moxy Los Angeles Downtown and AC Hotel Los Angeles Downtown. The property is located in the heart of Downtown Los Angeles, directly across the street from the LA Convention Center and Staples Center, on the corner of West Pico Boulevard and Figeroua Street.

Scheduled to open in late 2022, the 37-story, 600,000-square-foot mixed-use tower will consist of a dual-branded, 380-room Moxy hotel and a 347-room AC hotel. The property will also include over 22,000 square feet of premium digital and static signage, featuring the largest continuous full-motion digital display on the West Coast, and over 8,000 square feet of ground floor retail space.

Commanding a stately streetside presence spanning nearly half a block, the all-glass tower features architecture by Gensler. The Award-winning international design firm, Yabu Pushelberg, best known for their prolific hospitality properties including Lightstone's Moxy Times Square and Moxy Chelsea, designed the hotel lobbies as well as the guestrooms.

With 65,000 square feet of meeting rooms, restaurants, bars, and nightlife throughout, the Moxy and AC hotel will become a central entertainment and cultural hub within this vibrant central Downtown neighborhood. The development will feature a 6,000-square-foot landscaped pool deck and an unprecedented offering of 12 all-new restaurant and bar concepts designed by Basile Studio. On the 34th floor, AC's sky lobby will feature a garden-like terrace bar with panoramic views overlooking Downtown Los Angeles. The hotels will boast 13,000 square feet of meeting space also designed by Basile Studio.

"Today's topping out represents an exciting milestone for our growing hospitality portfolio and we are thrilled to bring the Moxy and AC Hotel brands to Downtown LA on the heels of successful openings in New York City and Miami," said Mitchell Hochberg, President of Lightstone. "Offering two unique experiences at one address, coupled with an unparalleled slate of shared programming, we are confident both brands will resonate with visitors to the Convention Center and Staples Center and locals alike."

Moxy and AC Hotel Los Angeles Downtown adds to Lightstone's growing hotel development portfolio, including the 612-room flagship Moxy Times Square property that opened in the Fall of 2017, 350-room Moxy Chelsea that opened in February 2019, and the Moxy East Village, a 286-room hotel that opened in September 2019. Earlier this year, Lightstone debuted its first Moxy property outside of New York with the opening of Moxy Miami South Beach. The company‘s portfolio will include a total of seven Moxy properties, with Moxy Lower East Side and Moxy Williamsburg scheduled to open in 2022 in New York.

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Revenue Management: Monetizing All Offerings


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