HVS In Focus: Downtown Los Angeles Hotel Market
A population boom and new development money in Downtown Los Angeles lead to a dramatic increase in the supply pipeline. Recent hotel transactions have been geared towards redevelopment and repositioning. DTLA currently has about 8,000 rooms of existing hotel inventory. Branded and independent full-service and boutique hotels dominate the market, such as the JW Marriott Los Angeles LA Live, The Standard Downtown LA, and the Millennium Biltmore. The most recent additions to the market include the Ace Hotel Downtown Los Angeles, the Courtyard Los Angeles LA Live, and the Residence Inn Los Angeles LA Live, all of which opened in 2014.
