LA Wave: Bicycle Casino announces plans to build 100-room hotel

October 25, 2013

BELL GARDENS — Gov. Jerry Brown Tuesday helped mark the start of construction on a $45 million hotel at the Bicycle Casino that officials said would create hundreds of jobs.

The 100-room Bicycle Casino Hotel will employ 300 people during its construction phase and generate 250 permanent jobs in a city faced with 16.3 percent unemployment, Brown said.

“This project and its hundreds of construction and permanent hospitality jobs is another sign of a rebound in the California economy, especially in our smaller cities and communities taking the brunt of the downturn,” Brown said. “Private sector investments such as the one being made by the Bicycle Casino are a strong vote of confidence in our economic future and I applaud them for taking this step.”

State Sen. Ricardo Lara, D-Long Beach, said Los Angeles County’s Southeast communities were some of the hardest hit by the recession.

As a result, he said, “working families have taken the largest toll from the loss of jobs and the lack of growth opportunities for businesses in our communities.”

The $45 million private investment in the hotel “represents not only a new hotel, but also growth to our local economies which will give people an opportunity to provide for themselves and their children,” Lara said.

In addition to the increased job and economic activity, the hotel project also includes a traffic signalization component at four local intersections improving vehicle travel time through the heavily traveled intersection at Florence and Eastern avenues by up to 50 percent, according to Lara.

The hotel project includes an outdoor, second-floor swimming pool with cabanas and a large deck, a second-floor event room connecting to the pool deck, a spa and fitness center, a business and guest services area
and a brewpub and restaurant.

The completed project also will offer the local business community more upscale meeting and event spaces

“We are delighted to bring a five-star luxury destination to a region badly in need of such a hospitality facility,” said Hashem Minaiy, chief executive officer and managing general partner for the Bicycle Casino. “As an additional benefit, this property will help us provide even more substantial resources to our community and charitable foundation, which supports a wide range of local projects and organizations.”

The hotel is expected to be completed by 2015.