Skift Take
It's great to see the focus on Los Angeles' downtown, but it's hard to see the uptick in hotel nights in the city to justify all this building. Downtown's growth will likely come at the expense of airport hotels and any other non-waterfront properties.
As demand for downtown Los Angeles hotel rooms grows, plans have emerged for yet another high-rise inn near Staples Center.
The announcement comes as hoteliers are scrambling to cash in on downtown's revival as a tourist destination and convention hub. Three large hotel projects are already underway and developers are prospecting for other potential sites in the neighborhood.
Next on the horizon is the Renaissance Hotel, which will be more than 20 stories tall with 450 rooms and is slated to open in 2016 across the street from the L.A. Live entertainment complex.
It will cost $200 million and rise on Olympic Boulevard next to a 24-story tower already under construction that will house a Courtyard by Marriott and a Residence Inn by Marriott under one roof when it opens in summer 2014.
The developer of the side-by-side hotel projects is Williams/Dame and Assoc
