Top Commercial Real Estate News
Friday, October 20th, 2006Los Angeles Hotel Market Remains Strong
Downtown Los Angeles hotels are seeing significant increases in occupancy because of renovated rooms and a renewed interest in staying downtown, according to report by PKF Consulting. The L.A. firm, which tracks the hospitality market, expects downtown’s average hotel occupancy rate to hit about 73%, compared to 51% in 2003. Hotel occupancy for the 10-county region is hovering just under 80%.




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