Stay on Main (formerly Cecil Hotel, Hotel Cecil and informally The Cecil) is a budget hotel in Downtown Los Angeles, located at 640 S. Main Street, opened in 1927. It has 600 guest rooms. The hotel has a checkered history, but is currently being renovated and redeveloped into a mix of hotel rooms and residential units.

Is the following statement correct based on the text

is the cecil hotel still open in los angeles
yes