Developer Landwin Corp. broke ground Wednesday (11-3-15) on a new Hyatt Place Hotel at the corner of Valley Boulevard and Del Mar Avenue, the location of the former Norms Restaurant.
The new six-story hotel will have 222 guest rooms, 85 residential units, 55,827 square feet of commercial space and parking for more than 600 cars. The project is one of two new hotels in the works on Valley Boulevard, with a groundbreaking ceremony held earlier this year for a new Sheraton at 303 E Valley Blvd. This will total three hotels in the tiny city of San Gabriel.
Next door, Monterey Park is planning three new hotels on Atlantic Boulevard although ground has not yet broken ground on any of them and they appeared stalled at this time.
A San Gabriel press release said the hotel will bring about $1 million per year in Transient Occupancy Tax (TOT) and additional sales tax revenues from the commercial space.
“The project will also bring hundreds of full-time and part-time jobs as well as temporary construction jobs to the region, and will attract tourists and visitors to the city of San Gabriel, “ the city press release stated.
“Valley Boulevard will soon be transformed by these new projects,” Community Development Director Arminé Chaparyan said. “The Hyatt Place San Gabriel will have a direct economic benefit on the Valley Boulevard ‘Golden Mile,’ but will also benefit the city as a whole.”