There Is Huge Demand for Hotels in DTLA

Brian De Lowe is the president and co-founder of Proper Hospitality and partner at The Kor Group4

LOS ANGELES—Demand for more and more hotel rooms keeps growing in Downtown Los Angeles from both business and leisure travelers. A joint venture between The Kor Group and Stork/Alma Development Group has broken ground on the Downtown L.A. Proper Hotel, a 148-room lifestyle hotel near the convention center that is looking to capture that demand. The project was announced last year, and since, the developers have only seen the demand in the market grow. It is scheduled for completion in Spring 2018.

“The Downtown L.A. hotel market is thriving, and it’s doing so for a couple of reasons. First off, it’s always been a strong corporate market with 30 million square feet of occupied office space, which is a market size almost as big as West LA, Santa Monica, Century City, and Beverly Hills combined,” Brian De Lowe, president and co-founder of Proper Hospitality and partner at The Kor Group,” tells GlobeSt.com. “Also, now more than ever, corporate and leisure travelers alike actually want to stay downtown when traveling to LA, thanks to an expanding amount of unparalleled restaurants, museums, and cultural activities. Finally, and perhaps most notably, is that the Los Angeles Convention Center is planning to expand by nearly 300,000 square feet, which will create an immense increase in demand for hotels in the vicinity. In the past, there weren’t many hotel options within two miles of the convention center. Our property is situated only a half mile away from the convention center.”