# Office of the City Administrative Officer, City of Los Angeles SC10CO27114213M-POT

HOTEL DEVELOPMENT INCENTIVE PAYMENT

**Recipient:** CORE/RELATED GRAND AVE JV LLC

**Award Amount:** $122,546.70
**Ceiling:** $122,546.70

**Awarded:** September 24, 2026

**Identifier:** SC10CO27114213M-POT

The Office of the City Administrative Officer in Los Angeles, California, awarded a contract worth $122,546.70 to CORE/RELATED GRAND AVE JV LLC for hotel development incentive payments, under the GRAND AVENUE HOTEL PROJECT TRUST FUND. The contract involves multiple payments linked to the hotel project, totaling over $102,000, and is associated with contributions to other agencies, with a focus on financial services activities. The procurement was executed on September 24, 2026, and documents multiple invoice lines referencing the same invoice number, indicating a single purchase with multiple line items. The awards are related to a broader hotel project funding effort, with contractual obligations centered around hotel development incentives.

### Description

HOTEL DEVELOPMENT INCENTIVE PAYMENT