Hotel ROI Los Angeles

Event Details

Hotel ROI events are a fresh, fast-paced series that are built to inform, inspire and give action to insights that can be implemented as soon as you return to the office. Hotel ROI is a series of one-day conferences that will focus on the critical issues in local markets and provide clear and actionable insights to challenges from experts that will help you drive profitability from your hotel assets. 

Los Angeles County, AAHOA’s largest member base, was a natural choice for Hotel ROI. Hospitality and tourism in LA County accounts for 678,400 jobs and greets more than 50 million visitors a year who are spending in excess of $18 billion. It has also remained relatively recession proof in recent years due, to some extent, Chinese tourism.  Overall, supply is down 0.1 percent, while demand is up 2.4 percent.

CH&LA members can use discount code ASN50 to receive $50 off their registration.

Visit www.hotelroi.com/los-angeles for more information and to register for this event.

The Los Angeles Opportunity

Los Angeles has 1,008 hotels with over 98,000 rooms available. Some of the most popular areas include Downtown, Santa Monica, Beverly Hills, Westwood, West Hollywood/Hollywood, and will continue to see an uptick in supply. LA recorded 47.3 million visitors in 2016, up 4 percent from 2015. Los Angeles International Airport (LAX) saw a record of 80.9 million travelers last year, about a quarter of which were international travelers.

Many attractions drive the local economy, such as Universal Studio’s Wizarding World of Harry Potter which opened in 2016, and of course, the LA Rams heading to their new $2.6 billion stadium in Inglewood. The stadium could potentially host the San Diego Chargers as their home base and local events, such as concerts, holding up to 100,000 people. The stadium is also a prime choice for the 2024 Olympic bid.

Some key projects:

The 350-room Hotel Indigo Los Angeles Downtown is now open - and will host Hotel ROI: Los Angeles!
The 178-room Dream Hollywood is now open
The 12-story, 170-room Waldorf-Astoria Beverly Hills will have a fully furnished Presidential Suite boasting 3,215 square feet
The 226-room Freehand, an upscale hostel, recently opened with a rooftop pool
Past valuations and transactions that speak to the current opportunity include:

International investment interest has hit Beverly Hills, West LA and Santa Monica
About 27 hotels equaling more than $1 billion sold in 2015
SLS Beverly Hills sold for the highest price at $195 million
Valuation is expected to grow in 2017 by 4 percent in the Los Angeles/Long Beach market, and 16 percent over the next four years

Why Attend?

Because, you will be armed with ideas, solutions and actionable insights that will make an immediate impact on your property.  Whether you focus on infrastructure investment opportunities or strategies that force you to “think and act locally” in targeting specific growth sectors, you can take steps that positively influence your ROI. 

CH&LA members can use discount code ASN50 to receive $50 off their registration.

Visit www.hotelroi.com/los-angeles for more information and to register for this event.