"Both cities are very enthusiastic about the Games and are promoting the Olympic spirit in a fantastic way", Bach said in a press release.
Both Paris 2024 and Los Angeles 2028 officials expressed their excitement at the decision to award their cities the Olympic Games.
The confirmation comes after a year's worth of scrambling by International Olympic Committee president Thomas Bach.
The destiny of the Summer Olympics and Paralympics is set for the next 11 years.
"We are very proud of the fact that we are a three-time Olympics host".
Arsenal should use Europa League to give chances to young talent
If left out of the squad entirely for Thursday's Europa League clash with Cologne, Wilshere's Arsenal career could be in serious jeopardy.
The 2020 Summer Games will take place in Tokyo.
Los Angeles moved to 2028, and will halt a stretch of 32 years without a Summer Games in the United States. The Firm served as legal counsel and strategic adviser to Los Angeles 2028 (LA28) in connection with Los Angeles' successful bid to host the 2028 Olympic and Paralympic Games.
"My top priorities in this process are to protect Los Angeles taxpayers and create new opportunities for young Angelenos to play sports, and be healthy, " Garcetti said in August before the City Council voted on a new memorandum of understanding for '28. The commission visited both cities in May, finding both to be low-risk and high-reward propositions for the cities and the IOC. L.A. has hosted the Olympics twice previously in 1932 and 1984, but this will be the first time the city hosts the Paralympics. It will contribute $1.8 billion for planning and organizing the Games with the potential to exceed $2 billion through existing sponsorship agreements and potential new marketing deals.
The European country has also hosted the Winter Olympics three times.
Bach said any scenario other than holding the Games in Pyeongchang in February next year would be undermining diplomatic efforts for a peaceful solution. Numerous plans for 2028 are the same as they would have been if they were awarded for 2024. The U.S. Olympic Committee originally selected Boston in January 2015 during its domestic bidding phase. For the first time in a generation, we are bringing the Games back to the City of Angels.