Buoyed by a record number of annual visitors for the sixth straight year, Los Angeles finished 2016 with the fastest growing rate of hotel-room demand of any major U.S. market. With room inventory expanding by 2%, the L.A. hotel market recorded an 81% occupancy rate, while room rates rose 8.5% from a year earlier, according to STR. With such demand growth in mind, developers continue to build a combination of independent and chain properties across the region.
China-based Greenland Group is developing Metropolis, a $1 billion mixed-use project located just east of the Harbor Freeway in Downtown L.A. Metropolis features an 18-story, 350-room hotel under InterContinental Hotels Group’s Hotel Indigo brand.
Located in the former Casa Malibu Inn space, this beachfront hotel is the first of the Nobu Ryokan brand, owned by Chef Nobu Matsuhisa, Oracle CEO Larry Ellison, actor Robert DeNiro, and film producer Meir Teper. Modeled after a ryokan, or traditional Japanese inn, the 9,200 square-foot property features teak soaking tubs, indoor/outdoor fireplaces, serene outdoor patios, and exclusive bites from the adjacent Nobu Malibu.
Hilton Worldwide’s Hampton Inn & Suites Los Angeles/Santa Monica features 143 rooms. The hotel is located near the intersection of Colorado Avenue and 5th Street, about four blocks east of the historic Santa Monica Pier.
Choice Hotels International’s upscale Cambria badge entered the Los Angeles market with the opening of Cambria LAX in May 2017. Developed by Fillmore Hospitality, the hotel has 152 rooms as well as a bistro called Social Circle. The hotel is located about two miles south of Los Angeles International Airport.
Sydell Group introduced its Freehand hotel/hostel brand to Downtown L.A. in June 2017. The Freehand, which has properties in Miami Beach and Chicago and includes private rooms as well as hostel accommodations, is located at the site of the historic Commercial Exchange Building at 8th and Olive Streets. The 226-room property includes Israeli inspired cuisine at The Exchange restaurant and Rudolph's Bar & Tea in the lobby. The Broken Shaker rooftop bar is scheduled to open in late July 2017.
The Los Angeles area’s first hotel under Hilton Worldwide’s Waldorf Astoria luxury brand is located on the triangular corner next to the Beverly Hilton. The newly-built property, with Streamline Moderne design influences, is 12 stories tall and features 170 rooms.
Downtown L.A.’s Hotel Figueroa is reopening this summer after the property, which was first built as a women’s hostel in 1926, received $55 million in upgrades. The 268-room hotel features six bars and restaurants.
The Dream Hotels boutique-luxury brand is scheduled to open on Hollywood’s “Cahuenga Corridor” in July 2017. Dream Hotel Group’s (formerly Hampshire Hotels Management) local outpost will have 179 rooms, an 11,000-square-foot rooftop lounge area and a Mid-Century Modern decor designed by New York-based Rockwell Group.
A 112-room property under Hilton Worldwide’s Hampton Inn & Suites brand will open in Hollywood on Vine Street near Santa Monica Boulevard in July 2017.
The InterContinental Los Angeles Downtown will be part of the tallest U.S. building west of the Mississippi River when the Wilshire Grand Center opens in 2017. The 900-room hotel will include a “sky lobby” on the 70th floor. The $1.1 billion project, which is being developed by Korean Air and Hanjin Group, will also include 400,000 square feet of offices and 45,000 square feet of retail space. When completed, Wilshire Grand Center will be about 80 feet taller than the U.S. Bank Tower.
InterContinental Hotels Group’s (IHG) Kimpton boutique hotel division will enter Hollywood this summer with The Everly. The 216-room hotel will feature a fifth-floor pool deck with views to the Pacific Ocean as well as the street-level Jane Q restaurant and Ever Bar.
InterContinental Hotels Group’s (IHG) Kimpton boutique-hotel unit will open The La Peer in West Hollywood. The 105-room hotel will be located in the city’s design district and will feature a roof deck.
Hilton’s Homewood Suites Los Angeles International Airport will be among the closest airports to LAX when it opens along Century Boulevard with 121 rooms.
Sydell Group, which opened The Line Hotel in Koreatown in 2014, will open the Los Angeles outpost of New York’s NoMad Hotel this winter. The NoMad will be redeveloped out of Downtown L.A.’s Giannini Place, which was built in 1923 as the headquarters for Bank of Italy (which became Bank of America). The 12-story hotel will have 250 rooms as well as a rooftop pool.
Hilton will bring its Hampton Inn & Suites brand to Koreatown with a 172-rooms hotel.
Proper Hotels, the new brand headed by former Viceroy Hotels chief Brad Korzen, is slated to enter Los Angeles with a Downtown L.A. property located at the site of the former Case Hotel. The 13-story property, which was built in 1924, will have 145 rooms as well as a rooftop that includes a restaurant, bar and pool.
The first U.S. West Coast property under Marriott International and Ian Schrager’s Edition lifestyle brand will open on the famed Sunset Strip in West Hollywood in 2018. Developed by the Witkoff Group and New Valley, the hotel will have 190 rooms and as many as 20 luxury condominiums. The hotel will boast two rooftop pools.
AccorHotels’ Fairmont badge will take over Century City’s Century Plaza hotel when the hotel is redeveloped. The Fairmont Century Plaza will have 394 rooms and 63 luxury residences, down from the hotel’s 726 rooms when it shuttered in 2016. The project will also have 290 luxury residences in the project’s two new 46-story towers.
Oceanwide Plaza, the mixed-use project that will be built adjacent to STAPLES Center and L.A. LIVE, will include L.A.'s first hotel under the Park Hyatt luxury badge. The Park Hyatt Los Angeles will have 184 rooms, including 34 suites.
Downtown Los Angeles’s first hotel under Starwood Hotels & Resorts’ W lifestyle brand will be part of a $700 million project to be built by China-based Shenzhen Hazens at 11th and Figueroa Streets, across the street from L.A. LIVE and Staples Center. The W Los Angeles Downtown will have 121 rooms and about 15,000 square feet of meeting space.
According to The James Hotels website, the luxury brand will no longer be making its West Coast debut as part of CIM Group’s Sunset La Cienega mixed-use project in West Hollywood. "As often happens in the real estate business, the property owner has decided to sell the property and as a result, a different operator will run the hotel." The new operator is currently TBD.
Pendry, the Montage Hotels & Resorts brand that’s slated to debut in San Diego later this year, will make its Los Angeles-area entry when the modern-luxury hotel is built at the Sunset Strip site formerly occupied by House of Blues.
Los Angeles’s 102-year-old Trinity Auditorium building on Downtown’s Grand Avenue will be redeveloped into a hotel with 183 rooms as well as a ballroom and a rooftop pool deck.
New York-based Simon Baron Development is planning to redevelop the old Cecil Hotel site, which houses the Stay on Main budget property as well as about 300 residential units, into a combination of residential units and upscale hotel rooms. The yet-to-be-named hotel will have a rooftop pool and other amenities.