Luxury hotel tower o create 9,000 new jobs
Los Angeles - 15 September 2020 - The principals of Angels Landing Partners, LLC today reaffirmed their commitment to move forward with Angels Landing, their $2 billion luxury hotel high-rise development in downtown Los Angeles.
More than 8,300 new jobs will be created during Angels Landing's project design and construction, according to BJH Advisors, LLC's assessment. The firm's report estimates that, once built, Angels Landing would additionally create more than 800 new permanent jobs in downtown L.A. spanning an array of occupations needed to support the two luxury hotel properties and retail outlets proposed for the Angels Landing project. An estimated 500 added new jobs would be created by vendors in the L.A. County region providing goods and services to the hotels.
In addition to new job creation, the BJH Advisors analysis projects Angels Landing would give L.A.'s local economy a $1.6 billion boost and contribute $731 million to local worker's earnings during its construction. The project would generate as estimated 12 million in recurring tax revenues and $2.4 million annually in local property tax revenues, according to the report.
Angels Landing is comprised of two towers with each tower being anchored by its own five-star hotel. In addition to the luxury hotels, Angels Landing Plaza will feature an expansive modern urban park – a vibrant pedestrian-centered, transit-adjacent mecca that will be publicly accessible and privately managed to create and maintain an inviting, treasured open space environment for downtown L.A.'s community residents, weekday commuters, nightlife aficionados, hotel guests and tourists.
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