In the latest development in downtown LA’s revitalization, trendy boutique hotel chain Ace announced earlier this week that it will open its first Los Angeles location in the up-and-coming Historic Core of downtown. Ace, which has locations in New York, Portland, Seattle & Palm Springs has not officially announced the opening; however, The Hollywood Reporter confirms that the firm has purchased the formerly disused United Artists Building on Broadway for an undisclosed amount.
The building first opened in 1927 and housed the United Artists Company, which was founded by silent film stars Charlie Chaplin, Mary Pickford & Douglas Fairbanks. A series of theaters operating under various companies occupied the building for most of the 20th century, and in 1986 it was purchased by Wescott Christian Center and became home to the Los Angeles University Cathedral. Vacant since 2010, the United Artists Building will now reportedly be restored to its former theatrical glory. THR reports that sources close to the project say that Ace “intends to make a fully renovated and reactivated theater the showpiece of its future hotel.”