A half-year after paying $7.5 million for a property near the famed intersection of Hollywood and Vine, Dutch hotel chain citizenM is moving forward with plans for its second U.S. location.

According to plans filed yesterday with the City of Los Angeles, citizenM's proposed development at 1718 N. Vine Street would consist of a 14-story, 73,000-square-foot building featuring 216 guest rooms.  Records indicate that the hotel would also feature multiple food-and-beverage venues with full line alcohol permits.

As currently planned, the hotel is contingent on the approval of several discretionary approvals, including a zone change and a site plan review.  A small commercial building which currently occupies the property would also need to be demolished.

The project is the latest in a series of high-rise developments slated for properties near the Capitol Records Building, including a 16-story Kimpton Hotel and an 18-story apartment tower from Related California.  Larger buildings, such as the Millennium Hollywood and 6220 West Yucca, are also in the planning stages.