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Less than a year-old, Downtown LA’s Hotel Indigo is for sale, seeking $280M

The money from the sale would help the surrounding Metropolis development get built The 350-room, 18-story Hotel Indigo, which officially opened in Downtown LA’s South Park in April, is already on the market. The Real Deal reports that the hotel, located in the Metropolis megaproject, is asking $280 million. Developer Greenland USA reportedly plans to use the funds from the hotel’s sale to help finance the remaining elements of the ambitious Metropolis project, which is set to be complete in 2019.
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