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Stock impact report

In the '20s, this tower housed fancy cars. Now it will house travelers and tourists [Los Angeles Times (CA)]

Choice Hotels International, Inc. (CHH) 
Last choice hotels international, inc. earnings: 2/18 08:12 am Check Earnings Report
US:NYSE Investor Relations: investor.choicehotels.com
In the '20s, this tower housed fancy cars. Now it will house travelers and tourists Ninety years ago, workers hurrying to their jobs on Spring Street witnessed a remarkable sight: a swanky garage that lifted Ford Model A’s and other Jazz Age roadsters as high as 13 stories to a coveted parking spot. A quarter century later, that same high-rise was converted into offices to serve the needs of a burgeoning title insurance company, only to be abandoned later and left a graffitied, empty shell. Now, the building first known as Hill’s Garage will get something rare in the world of commercial real estate: a third act — as an upmarket Cambria hotel catering to business travelers. The $50-million makeover reflects the ongoing rebirth of Spring Street, the onetime “Wall Street of the West,” which fell on hard times in the latter decades of the 20th century as white collar businesses departed for gleaming new skyscrapers closer to the Harbor Freeway and on Bunker Hill. Today, real estate develo Show less Read more
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