$1.5B Hyatt Redevelopment Plan Sails Through LA Panel

Law360, New York (October 16, 2012, 7:46 PM EDT) -- A Los Angeles city committee on Tuesday easily gave its nod to a proposed $1.5 billion redevelopment of the Hyatt Regency Century Plaza hotel in a rare unopposed bid for a major project that will add two residential towers to the property.

In a unanimous vote, the Los Angeles Planning and Land Use Committee gave its stamp of approval to the development agreement and environmental review for Next Century Associates LLC's project, which will also restore the iconic hotel. The vote sends the project to the...
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