From the Ace Hotel Group:
We’re opening a hotel in Los Angeles in August or September, which we’re calling the Line. It’s an existing 400-room, concrete, glass-and-curtain wall, Brutalist building. We think it’s neat architecture. People were a little confused about that property because it was in Koreatown. But that’s exactly the kind of project we find intriguing. We find locations that other people don’t know how to deal with. We tend to think of our- selves more as real estate people. We find assets that other people undervalue or don’t understand, and we figure out what to do with them.