The six-story Art Deco resort once known as The Arrowhead Springs Hotel was a hotspot for L.A.'s elite in the '30s and '40s, though the Paul Williams-designed superstructure has floundered for the last half-century, shuttering in 1956, when it was losing $1,500 a day. According to the L.A. Times, the current owners (who've used it as a conference center since they bought it in 1962) are looking for a developer to revive it, asking $57M for the hotel and surrounding the land, which includes 1,350 residences and 800,000 square feet of commercial space. Read on. [L.A. Times via Curbed LA]
Filed under: