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Fairmont Hotels will operate the revamped Century Plaza hotel

Fairmont Hotels will operate the revamped Century Plaza hotel
After a $2.5-billion overhaul, the Century Plaza Hotel will include two 46-story residential towers. Fairmont Hotels & Resorts will operate the hotel. (Next Century Associates)

Luxury hotelier Fairmont Hotels & Resorts will operate the landmark Century Plaza hotel in Century City when it reopens in 2018 after a major makeover that includes the addition of two condominium towers.

Fairmont will run the hotel and also serve the residents of the condo skyscrapers under construction behind the 50-year-old building on Avenue of the Stars, developer Michael Rosenfeld of Woodridge Capital Partners said at an event there Thursday.

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The project is one of the largest underway in the region at a cost of $2.5 billion. The number of hotel rooms will be reduced to 394 from 726 in part to make way for 63 for-sale residences in the old crescent-shaped structure that will be called the Fairmont Century Plaza Hotel and Hotel Residences.

Rosenfeld hopes to secure a five-star rating for the hotel.

The twin 46-story towers behind it will have 227 condos, he said. Prices for the units will be set later.

The complex will have new boutiques, restaurants, fountains and a public plaza with a 23-foot-tall sculptural head by Spanish artist Jaume Plensa.

"The Century Plaza will have the best of everything," Rosenfeld said.

Twitter: @rogervincent

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