Historic buildings throughout Downtown Los Angeles (DTLA) are receiving a major facelift, driving the ongoing transformation of the city’s center into a hospitality hotspot. The revitalization of Downtown has been led by an adaptive reuse trend that encourages development of historic structures to new uses, breathing new life into the neighbourhood.
The former Los Angeles Railway building built in 1922 in DTLA’s Fashion District is now The Hoxton, LA, which welcomed its first guests on October 1. The upmarket, member-focused Soho Warehouse, set in a building originally completed in 1916, opened its doors on October 14 in the adjacent Arts District. Over the next four months, two more historic buildings will reopen as lifestyle hotels – Wayfarer DTLA & Downtown L.A. Proper – adding a total of 526 new rooms to DTLA’s inventory.
According to STR, there are 9,033 existing hotel rooms in DTLA with an additional 1,428 under construction and a proposed 2,359 in the development pipeline. As DTLA continues its unprecedented hotel construction boom, the neighbourhood has cemented itself as a “not-to-miss” L.A. experience.
New data from Los Angeles Tourism & Convention Board shows that nearly 30% of all visitors to Los Angeles – and more than ¾ of all international visitors – include DTLA on their itinerary. Nearly 22% of all visitor spending in L.A. in 2018 occurred in DTLA, illustrating the depth of culinary, shopping, hotel, entertainment and cultural experiences the neighbourhood offers.
“Downtown Los Angeles has undergone incredible changes over the last five years as both visitors and meeting attendees are flocking to experience the neighbourhood’s vibrant culinary and cultural scenes,” said Ernest Wooden Jr., president & CEO of Los Angeles Tourism and Convention Board, “As we’re seeing demand increase for boutique hotels in DTLA, particularly those that authentically represent the surrounding neighbourhood, top lifestyle brands are quickly catering to this need.”
In addition to new hotels, billions of dollars are being invested into the Downtown L.A. area. Additional infrastructure developments include the $1-billion Oceanwide Plaza, which will house a Park Hyatt hotel along with residential units, an open-air luxury retail complex and culinary options. Plans are underway for an upcoming $1.3-billion transformation of the Los Angeles Convention Center and adjacent L.A. LIVE with an expansion of the J.W. Marriott L.A. LIVE. The urban hub will also become more accessible by light rail after the 2022 opening of Metro’s Regional Connector project budgeted at $1.76 billion.