The 121-unit Marriott Residence Inn is scheduled to open for business on January 23. An "all-suites" hotel, the inn offers kitchens in every unit to entice "extended-stay" travellers.
The Santa Anita Inn was purchased 2 weeks ago by developer Charles Bluth, who is already implementing plans to turn the hotel at the corner of Huntington Drive and Colorado Place into a four-star inn. Renovation (with a New Orleans motif) should be completed by January.
The Marriott Corporation is actively seeking a site for a "Courtyard by Marriott" moderately priced hotel in the Arcadia Monrovia area. Craig Lambert, vice president of marketing wants to develop 8 to 12 properties in the Southern California area over the next 3 years and the Arcadia-Monrovia area ranks high on the company's list.
Construction will begin in November on the $20 million hotel-office complex on the site of the Ramada Inn, according to John Kirkpatrick, the developer. He expects that the hotel and one office building will be completed before the 1984 Olympics. The new hotel will be first class with a well-known name.
Proposed redevelopment of the Santa Anita Inn, formerly Ramada Inn at 130 West Huntington Drive, Arcadia, won't take place until after the Olympics next August.
Arcadia City Council will be asked to determine whether they want to extend a "resolution of inducement for tax-exempt financing" for the proposed Ramada Inn (now Santa Anita Inn) project.
Demolition of the Santa Anita Motor Inn is being completed. Built in 1938, it had become an architectural curio - built as it was to resemble a ship with streamlined characteristics.
The discovery of contaminated soils will slow down a deal on some Arcadia land slated for redevelopment. Emkay Development Co. was planning to build a Residence Inn on the 11-acre site north of Huntington Drive.
The Arcadia Chamber of Commerce's Industrial Commercial Subcommittee voted unanimously to recommend to its board of directors that the Chamber support the concept of a retail store on the site where Target plans to build. The Committee did not specifically support the Target project, but did indicate that a retail development of some type would be appropriate.
City Council approved the zone change necessary to allow a seven-story, 150 room hotel to be built at 130 West Huntington Drive, the current site of the Ramada Inn.
Arcadia would lose approximately $472,268 yearly if Santa Anita Park race track were to close down and the 324 acre facility were to be developed with low density residential units. Losses would be partially offset by $190,750 in new property taxes and $278,482 miscellaneous taxes. New city services would account for a 6.18% increase in the city budget.
The city of Arcadia has already received two checks from Santa Anita Park race track, the first payments on its one-third of 1% of the parimutuel take.
With Councilmen Dick Haltom and Dave Hannah dissenting, the Arcadia City Council approved a resolution of inducement for tax-exempt financing for the proposed Ramada Inn project.
Prince Philip, Duke of Edinburgh, and his entourage of International Equestrian Federation dignitaries, Olympic officials, FBI men and race track officials toured Santa Anita Park, site of the 1984 Olympic equestrian events on Wednesday.