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$2 Billion Angels Landing Hotel Project Gets Support from Black Chamber of Commerce

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Staff

The Greater Los Angeles African American Chamber of Commerce (GLAAACC), which advocates for growth, equity, and economic opportunity for Black-owned businesses in the nation’s second largest city, has expressed its support for Angels Landing Partners, hotel development downtown L.A. in a letter sent to city planning officials.

The Bunker Hill development is expected to inject $1.6 billion into the downtown L.A. economy, create thousands of jobs and generate millions in annual tax revenues. Located adjacent to the historic 298 feet, Angels Flight funicular cable car railway, the project includes two towers anchored by two five star hotels, along with a mix of both market rate and affordable condominium units and residential apartments. The development also features Angels Landing Plaza, an expansive, pedestrian-centered, transit-adjacent, modern urban park in the heart of downtown L.A.

“What really has us excited,” GLAAACC Chairman Gene Hale wrote, “is Angels Landing Partners’ firm commitment to diversity, equity, and inclusion through their pledge to achieve 30% minority-owned and women-owned business procurement and equally high level of diversity in the workforce that will manage and operate their luxury hotels.”

According to an analysis prepared by BJH Advisors, LLC., more than 8,300 new jobs will be created during Angels Landing’s project design and construction. The New York City-based firm’s report estimates Angels Landing would additionally create more than 800 permanent jobs in downtown L.A. An estimated 500 jobs would be created by vendors in the L.A. County region providing good and services to the two luxury hotels.

“These are economic and business development commitments not always made and kept by other prominent developers. We trust Angels Landing Partners, LLC to fully meet or exceed their ambitious and welcomed economic equity commitments,” Mr. Hale’s letter stated.

“GLAAACC is confident Angels Landing can help super-charge L.A.’s COVID-19 economic recovery and help our city prepare to, once again, welcome visitors from throughout the world to the 2028 Los Angeles Olympic Summer Games.  Projects like Angels Landing would demonstrate the strength and resiliency of our city and the tremendous draw it has for tourists, visitors, and business travelers.”

“The city needs projects like Angels Landing to remain competitive with other cities vying for increased tourism and convention business,” Hale continued.

Victor MacFarlane, president and CEO, MacFarlane Partners and a managing member of Angels Landing Partners, LLC, said, “We are proud and gratified to have the strong support of the Greater Los Angeles African American Chamber of Commerce as we work collaboratively with L.A. city officials to secure the necessary entitlements for our Angels Landing hotel development on Bunker Hill. GLAAACC Chairman Gene Hale is a successful businessman. He’s a business advocacy visionary who has worked tirelessly for the past three decades to widen opportunities for Black business owners that has enabled them to compete and win business in the city and county of Los Angeles, and other cities within the State of California, as well.”

  1. Donahue Peebles, president and CEO, The Peebles Corporation and a managing member of Angels Landing Partners, LLC – added, “We sincerely thank GLAAACC for its support of our Angels Landing luxury hotel project. Chairman Gene Hale knows we will stand behind our commitment to award 30% of the contracts for our Angels Landing project to minority-owned and women-owned businesses. That means hundreds of millions of dollars in contracts for products and services that Angels Landing will need that would flow to minority- and women-owned businesses. That’s huge for Black-owned businesses that seek to grow.”

 


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