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by Kaylee Hultgren | February 17, 2010

After months of negotiations, the owner of the historic Hyatt Regency Century Plaza hotel in Los Angeles and preservationists opposing the hotel's demolition have come to an agreement. Developer Michael Rosenfeld had planned to raze the hotel and replace it with two 50-story high-rise condo buildings plus a boutique hotel, offices and retail shops; plans now call for preserving 400 of the hotel's 726 rooms and converting its upper floors to condominiums. In addition, additional buildings with retail options and restaurants are being proposed.