www.LATimes.com
The city of Los Angeles made an agreement with Mayfair Lofts to use their 294-room Mayfair Hotel as part of a homeless housing project during the pandemic. During Project Roomkey, the hotel sustained damages to furniture, carpet, windows, bathrooms, and walls. As per their agreement, the city paid Mayfair Lofts for the damage done to the hotel during the project. The recent damage payout to Mayfair Lofts was $11.5 million. Officials stated that Mayfair Lofts will have no obligation to use the money for building repairs.
The city of Los Angeles plans to purchase the Mayfair Hotel for $60 million and spend an additional $23 million in renovations and upgrades. The City Council planned to hold a vote to decide whether to purchase the hotel in its “as is” condition.