On March 25, the Beverly Hills City Council begins hearings on the $500 million Beverly Hilton renovation project. The redesign project for the 9-acre property is planned to include an additional luxury hotel as well as condominiums.
The project was unanimously approved by the Planning Commission on February 28, thus forwarding it to the 5-member City Council.
"We look forward to going to the City Council to demonstrate the tremendous amount of community support we have received," said Ted Kahan, President of Oasis West Realty, LLC.
Once the remodel of the Beverly Hilton is complete, it is expected to generate $11.5 million in hotel and bed tax revenue annually, an increase of over $5 million from current revenue. The current plans were first unveiled to the public in January of last year.
(Source: Beverly Hills Courier)