The decade-long saga is finally coming to a close: Hollywood's Dream Hotel is nearly complete.

The $50-million development, located at 6417 W. Selma Avenue, will consist of 182 guest rooms in addition to a banquet room, a roof deck and restaurant space.  Developer Hollywood International Regional Center (HIRC) is also repurposing an adjacent alley way into patio dining space.

Killefer Flammang Architects, based out of Santa Monica, is is responsible for the design of the 10-story building, which features a modern building protruding over a base clad in brick veneer.

In the ten years since the project was first announced, a number of similar hotels have started filling in the surrounding blocks.  Earlier this year, HIRC files plans for a second development on an adjacent property at Selma and Wilcox Avenue.  A short walk south, a Thompson Hotel is planned near Mama Shelter.

HIRC has also expanded its reach to Downtown Los Angeles, where the company plans to reactivate the long-vacant Morrison Hotel as an 80-room boutique.