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Hyatt and Oceanwide Holdings announce first Park Hyatt Residences on West Coast

Hyatt and Oceanwide Plaza, the first North American development by prominent international developer Oceanwide Holdings, debuted plans for the highly anticipated Park Hyatt Los Angeles Residences at Oceanwide Plaza, which will be the first Park Hyatt-branded residences on the West Coast. With sales set to launch early 2018, the 164 exquisitely crafted residences will sit atop the new five-star Park Hyatt Los Angeles, rising 53 stories high and expanding on the highly personalized service for which the Park Hyatt brand is known. Accompanying the premium residential offering will be an array of lifestyle amenities, providing various options for gatherings, entertainment, fitness and relaxation. All residents of Oceanwide Plaza will enjoy convenient access to the 184-room Park Hyatt Los Angeles, as well as The Collection at Oceanwide Plaza, a 166,000-square-foot open-air galleria of curated retail shops and restaurants that will revolutionize the urban lifestyle of downtown Los Angeles.

“We’re setting a new tone for what it means to live well in downtown Los Angeles by redefining urban living with an amenity and service offering never before seen on the West Coast,” said Thomas Feng, CEO of Oceanwide Plaza LLC. “The Park Hyatt Los Angeles Residences will offer quiet sophistication and personalized service at every turn. Every detail of the residential offering at Oceanwide Plaza is a result of years of planning and surveying our future owners to deliver a luxury living experience.”

Located at the pinnacle of art and culture in Los Angeles and only a short distance from the Broad Museum, Hauser & Wirth gallery, Geffen Contemporary at MOCA and Walt Disney Concert Hall, the Park Hyatt Los Angeles Residences will include one to three bedrooms ranging from 1,065 to 2,720 square feet. Starting on the 50th floor, the penthouse collection will include half-floor and duplex residences ranging from 5,500 to 8,775 square feet. All residences are custom-designed to combine sophistication with a distinctive Southern California character courtesy of interior design firm Studio Munge.

Upon arrival, homeowners will be welcomed by an inviting art-infused lobby, a 24-hour concierge, and several services curated by Park Hyatt Los Angeles. The residences will revolve around the private 23rd level amenity floor, encircled by a 360-degree all-glass view of the awe-inspiring Los Angeles landscape. The approximately 19,000 square foot private amenity floor will include a state-of-the-art fitness facility, a tranquil natural-light filled yoga studio, steam rooms and saunas for relaxation, an exhibition kitchen and private dining space, a theatre and entertainment lounge for hosting guests, lush landscaped gardens, and a resort-style pool and outdoor cabanas that will pay homage to the quintessential California lifestyle. Beyond core hotel services including housekeeping, in-room dining and pantry-stocking, additional offerings will include services such as dog-walking and grooming, floral arrangement and delivery, tailored transportation arrangement and in-residence personal training. Privacy and security will be of the utmost importance, offering residents 24/7 valet parking with the option to self-park in a designated parking space, controlled access, and a private and secure residential lobby with access from the garage.

“We are excited to bring our Park Hyatt branded residences to the West Coast and offer a sophisticated and luxurious product in the significant market of Los Angeles,” said David Tarr, senior vice president of real estate and development for the Americas for Hyatt. “We’ve been looking to build our presence in this city, and with the addition of both the Park Hyatt hotel and residences, we look forward to the positive momentum that we’ll experience.”

In addition to concierge services, residents will also be able to take advantage of a full suite of amenities located on the eighth floor, including a lush two-acre private amenity park with an event lawn overlooking the dynamic LA entertainment district, a 1/5 mile jogging track and basketball court, a resort swimming pool and spa, children’s outdoor playground, two designated dog parks (one for large dogs and one for small dogs), designated dog grooming spaces and an outdoor kitchen area with lounge seating and BBQ’s. Indoor amenities include an exhibition kitchen for dining and entertaining, a game room for families, private screening rooms, a world-class fitness center and yoga room, a children’s center and an at-home workspace and library.