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First-Ever U.S. Rolling Stone Magazine Venue to Open in Hollywood in the Summer of 2010 December 4, 2009

Posted by David W. King in Uncategorized.
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LOS ANGELES, Dec. 4– Inspired by the iconic magazine that continues to help define the pulse and power of music and pop culture, the first U.S. Rolling Stone (www.RollingStone.com) venue will open at Los Angeles’s popular Hollywood and Highland Center (www.HollywoodandHighland.com) in the summer of 2010. The announcement was made today by the venue’s founders – Lucky Rug Group principals Niall Donnelly and Joe Altounian – with legendary Rolling Stone editor and publisher Jann S. Wenner.
Ideally situated among some of the country’s most famous and historic attractions, including the Hollywood Walk of Fame, Grauman’s Chinese Theater and the Kodak Theatre, the multi-level Rolling Stone space will encompass more than 10,000-square feet and serve as an exciting blend of equal parts restaurant, bar, lounge and upscale private-event space. Designed by Brodin Design (www.brodindesignbuild.com), the venue will reflect the progressive timelessness for which Rolling Stone is known – featuring exposed black brick, tufted leather and vaulted ceilings throughout the location, as well as a stunning antique iron staircase.
Rolling Stone magazine is widely regarded as the predominant music authority in American culture. Commenting on the new Hollywood venue, the magazine’s founder and publisher Wenner said, “We’ve been looking for the ideal opportunity to expand the Rolling Stone brand for some time and we are thrilled to be working with Lucky Rug Group. Southern California and the city of Los Angeles are deeply entrenched in the history of both Rolling Stone and rock music, and we’re excited to bring to life Rolling Stone magazine in Hollywood through what will be a very special place.”
Ownership of Lucky Rug Group is comprised of entrepreneurs Niall Donnelly and Joe Altounian. Donnelly and Altounian created the Lucky Rug Group in 2009 and have leveraged their extensive knowledge of nightlife properties and the real estate industry to bring the first-ever Rolling Stone venue to Los Angeles.
“The Rolling Stone brand transcends age, gender and musical preference and we are committed in making sure that everything that encompasses the Rolling Stone space at Hollywood and Highland Center will reflect that,” added Altounian. About Lucky Rug Group
Lucky Rug Group was founded by entrepreneurs Niall Donnelly, a 12 year veteran of the nightlife industry and Joe Altounian, who has over 10 years of experience in the Southern California real estate market. Altounian has been involved in numerous real estate projects in Los Angeles throughout his career, including commercial and residential projects. Within Lucky Rug Group, Donnelly is responsible for the vision and operations while Altounian is responsible for raising capital for their upcoming endeavors.
About Hollywood & Highland Center
Featuring the historic Grauman’s Chinese Theatre and the world renowned Kodak Theatre, the center is a hot spot for locals as well as a “must see” destination for international visitors. The center features over 60 top retailers, nine of L.A.’s finest restaurants, Grauman’s Chinese 6 Theatres, two popular nightclubs and Lucky Strike Lanes, a high tech and trendy bowling alley/nightclub.
Embodying luxury at its finest, Hollywood’s elegantly chic and state-of-the-art Spa Luce is located at the Renaissance Hollywood Hotel & Spa. Just steps away from Hollywood & Highland Center on Hollywood Boulevard, additional retail and entertainment outlets including Tesco’s Fresh & Easy neighborhood market; Zara; Madame Tussauds Hollywood wax museum; hot fashion retailer, H&M and American Apparel enhance the convenient and enjoyable experience of the world-famous venue. The center’s award-winning, Renaissance Hollywood Hotel & Spa features 640 sumptuously appointed rooms, including 33 luxury suites and an elegant, Mid-Century Modern decor.


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