More hotel projects in Los Angeles are in the construction pipeline than any other market in the US. “There is not just one factor that is influencing the strong hospitality construction pipeline in LA. From strong local job growth, significant corporate expansion/relocation, yield hungry international investors, specifically in Europe, China and Japan, to lenders easing underwriting standards have all fueled the robust hotel development pipeline in Los Angeles,” says Malcolm Davies, principal and managing director at George Smith Partners.
Read the full story: New Hotel Construction is Booming in L.A. (GlobeSt)
