By Bianca Barragán for Biznow
The Ace Hotel DTLA will cease operations at the end of January.
“It’s been an honor to inhabit these hallowed halls and The Theatre for ten golden years, which feels as good a run as any,” an Instagram post on the Ace Hotel’s account says. “We hope to be back before long and leave remembering something Mary Pickford, metaphorical matriarch of Ace DTLA, said: The future is yet in your power.”
The hotel opened in 2014, when Downtown was making a powerhouse recovery from the Global Financial Crisis.
“The owners of the building that houses Ace Hotel Downtown Los Angeles, as well as The Theatre at Ace DTLA, have recently elected to convert the property to a limited-service, rooms-only operation, managed via a tech platform,” representatives for Ace DTLA told the Los Angeles Times, adding the theater would be managed separately and the last day of Ace service would be Jan. 31.