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Friday, March 16, 2012

Westside Hotel Market Expanding

We still don't have a business plan for the proposed UCLA hotel/conference center.  But it is important to note that as the economy recovers, private hotel developers may add competitive capacity to the Westside market.  For example, a 285-room hotel is planned in Santa Monica at 7th Street and Wilshire, essentially a conversion of an existing office building.

Details of the project are at:
http://www01.smgov.net/cityclerk/council/agendas/2012/20120320/s2012%200320%207-A.pdf

http://www01.smgov.net/cityclerk/council/agendas/2012/20120320/s2012%200320%207-A-1.pdf

http://www01.smgov.net/cityclerk/council/agendas/2012/20120320/s2012%200320%207-A-2.pdf

Some guests at UCLA events might even prefer to stay in Santa Monica:

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