Hollywood Roosevelt Owners to Redevelop Park Plaza

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DCGG Park Plaza, the owners of the Hollywood Roosevelt Hotel, have entered into a joint venture with Wilshire Park Plaza, the owner’s of the Park Plaza Hotel that overlooks MacArthur Park in Westlake, buying an interest in the 1925 building and planning to redevelop the property, which has been vacant for years aside from occasional parties or film shoots, Curbed reports.

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