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El Segundo may be L.A.’s newest hot hotel market. R.D. Olson Construction has broken ground on AC Hotel by Marriott, a 98,728-square-foot, 180-room hotel in El Segundo, and says that the market is benefitting from tremendous office activity and nearby entertainment projects that bring a dynamic hotel demand to the market. The Lakers training facility is based in El Segundo, the Hollywood Park stadium development in Inglewood and the Los Angeles International airport are all helping to drive activity for more hotel projects in El Segundo.

“El Segundo is a tight-knit business community, almost like a sleeper community but it is very vibrant when you pull back the covers a little bit. They have done an incredible job on the business side, and now you see the hospitality industry meeting El Segundo’s needs,” Bill Wilhelm, president of R.D. Olson Construction, tells GlobeSt.com. “El Segundo is the corporate center of Southwest L.A., and there is a need for hospitality. There are a few hotels, but you haven’t seen new development of hotels like you have in other cities. There are so many great assets that El Segundo can fill needs, and I think that the hospitality market there will continue to grow.”

The growth in the surrounding market incentivized the new Marriott development, and Olson expects that there will be more to come. Not only do the entertainment projects ensure weekend demand, but the office growth in El Segundo will provide weekday demand. “Any primary location for a hotel, you have to look at the theater and the seven-day window,” Wilhelm explains. “We have a number of business users that can fill spaces during the week, and then on the weekend, you are going to have the athletic family that is traveling, whether is college or professional. The positive side to El Segundo is it puts you right where all of the activities are at. It has a tremendous amount of opportunities across many segments.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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