Award

Office of the City Administrative Officer, City of Los Angeles SC10CO27131424M

HOTEL DEVELOPMENT INCENTIVE PAYMENT

Recipient

LIGHTSTONE DTLA LLC

Award Amount

$3,504,318.58

Ceiling

$3,504,318.58

Awarded

September 24, 2026

Identifier

SC10CO27131424M

On September 24, 2026, the Office of the City Administrative Officer of Los Angeles awarded a contract worth approximately $3,504,318.58 to Lightstone DTLA LLC for a hotel development incentive payment related to the FY25-26 and FY26-27 hotel projects. The purchase involves multiple payments recorded across several invoice lines, each referencing specific amounts for the hotel project funded through the FIG+PICO Conference Center Hotels Trust Fund, under the General Fund category, within the scope of hotel development contributions to the City of Los Angeles.

Description

HOTEL DEVELOPMENT INCENTIVE PAYMENT