With unprecedented investment in infrastructure and new attractions, and a heightened focus on innovative solutions to responsibly address the urban issues of homelessness and safety, the City of Angels is ideally positioned to support significant additional hotel inventory.
Thanks to extraordinary investment in new attractions and capital improvements throughout the region, the hospitality investment community is showing renewed excitement about development opportunities in Los Angeles. From a $30 billion investment to transform LAX into one of the world’s premier airports to world-class additions such as SoFi Stadium, the Academy Museum of Motion Pictures and SUPER NINTENDO WORLD, LA now boasts more demand-drivers than ever. And with over 200 MICHELIN-recognized restaurants, the most museums and professional sports teams in the nation and a decade of major sporting events culminating with the 2028 Olympics, Los Angeles is the right opportunity at the right time for hospitality investors.
In this interview at the 2024 Americas Lodging Investment Summit (ALIS), held in Los Angeles Jan. 22-23, 2024, Adam Burke, president & ceo, Los Angeles Tourism & Convention Board, outlined the "why" and "how" that are making Los Angeles the next big target on hotel development maps.
Episode sponsored by Los Angeles Tourism & Convention Board: Adam Burke