Last Friday, representatives of Greenland USA and InterContinental Hotels Group joined with local elected officials to announce the official grand opening of the Hotel Indigo in Downtown Los Angeles.

The 18-story tower, located at the corner of James M. Wood Boulevard and Francisco Street, features 350 guest rooms in addition to guest amenities and restaurant space.  It is one of a slew of hotels planned or underway in the Financial District and South Park, as the City pushes forward with an ambitious plan to build 8,000 hotel rooms near the Los Angeles Convention Center by 2020.

The Hotel Indigo is the first component of the $1-billion Metropolis development, a 6.3-acre mixed-use complex that has been nearly 30 years in the making.  The remaining towers - which range from 38 to 56 stories in height - feature over 1,500 condominums and 75,000 square feet of retail space.

An opening is expected in May 2017 for the first of the three residential towers, and a full buildout of Metroplis is expected in 2019.