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Hotel Development Trudging Back

LOS ANGELES, CA-Despite the high cost of doing business, hard-to-secure financing and a down market, Los Angeles County leads the state in planned new hotel rooms and is second in the state in new hotels under construction.

By Bob Howard | Updated on August 26, 2002

LOS ANGELES, CA-Los Angeles County continues to lead the state in the number of new hotel rooms planned with 12,106, a 2.3% increase over this time in 2001, according to a new study.

The report by Costa Mesa, Calif.-based Atlas Hospitality Group, a hotel industry consulting firm, says five new hotels opened their doors in Los Angeles County so far this year and nine new hotels with 1,053 rooms are under construction.

That puts L.A. County second only to San Diego County in the state in terms of new hotels under construction, Reay says, but President Alan X. Reay of Atlas tells GlobeSt.com, “This still is a very small amount of new supply for a market as big as Los Angeles.”

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