Los Angeles Submarkets

Transcription

1 Los Angeles Submarkets February Occupancy Jan-Feb YTD % Change % Change TOTAL L.A. COUNTY 80.1% 77.4% 3.5% TOTAL L.A. COUNTY 75.6% 75.4% 0.3% Downtown L.A. (Central Business District) 77.5% 77.5% 0.0% Downtown L.A. (Central Business District) 72.1% 74.4% -3.1% Hollywood/West Hollywood 82.9% 81.4% 1.9% Hollywood/West Hollywood 79.1% 81.1% -2.5% Beverly Hills/Westside 83.2% 80.5% 3.3% Beverly Hills/Westside 79.4% 81.5% -2.5% Santa Monica/Venice/Marina Del Rey 85.0% 77.3% 9.9% Santa Monica/Venice/Marina Del Rey 80.2% 77.7% 3.1% LAX/Inglewood/Culver City 88.1% 86.4% 2.0% LAX/Inglewood/Culver City 83.3% 84.9% -1.9% South Bay 83.0% 79.5% 4.4% South Bay 78.4% 76.4% 2.6% San Fernando Valley 78.0% 75.6% 3.1% San Fernando Valley 73.8% 73.9% -0.1% Pasadena/Arcadia/Monrovia 83.4% 83.5% -0.1% Pasadena/Arcadia/Monrovia 78.1% 80.6% -3.1% L.A. East (SGV/Pomona) 73.7% 71.6% 2.9% L.A. East (SGV/Pomona) 69.4% 68.3% 1.6% L.A. Southeast (Gateway Cities) 76.1% 72.5% 5.0% L.A. Southeast (Gateway Cities) 71.0% 69.6% 6.4% L.A. North (SFV/Valencia/Antelope Valley) 75.4% 72.3% 4.2% L.A. North (SFV/Valencia/Antelope Valley) 71.6% 69.4% 3.2% 90.0% February Occupancy 90.0% Jan-Feb YTD Occupancy 80.0% 80.0% 70.0% 70.0% 60.0% 60.0%

2 Los Angeles Submarkets February Average Daily Rate ($) Jan-Feb YTD % Change % Change TOTAL L.A. COUNTY $ $ % TOTAL L.A. COUNTY $ $ % Downtown L.A. (Central Business District) $ $ % Downtown L.A. (Central Business District) $ $ % Hollywood/West Hollywood $ $ % Hollywood/West Hollywood $ $ % Beverly Hills/Westside $ $ % Beverly Hills/Westside $ $ % Santa Monica/Venice/Marina Del Rey $ $ % Santa Monica/Venice/Marina Del Rey $ $ % LAX/Inglewood/Culver City $ $ % LAX/Inglewood/Culver City $ $ % South Bay $ $ % South Bay $ $ % San Fernando Valley $ $ % San Fernando Valley $ $ % Pasadena/Arcadia/Monrovia $ $ % Pasadena/Arcadia/Monrovia $ $ % L.A. East (SGV/Pomona) $91.18 $ % L.A. East (SGV/Pomona) $89.97 $ % L.A. Southeast (Gateway Cities) $87.66 $ % L.A. Southeast (Gateway Cities) $86.31 $ % L.A. North (SFV/Valencia/Antelope Valley) $ $ % L.A. North (SFV/Valencia/Antelope Valley) $ $ % $ $ November February Occupancy ADR $ $ Jan-Feb YTD ADR $ $ $ $ $ $ $ $ $ $ #REF! 2014#REF!

3 February Los Angeles Submarkets RevPAR ($) Jan-Feb YTD % Change % Change TOTAL L.A. COUNTY $ $ % TOTAL L.A. COUNTY $ $ % Downtown L.A. (Central Business District) $ $ % Downtown L.A. (Central Business District) $ $ % Hollywood/West Hollywood $ $ % Hollywood/West Hollywood $ $ % Beverly Hills/Westside $ $ % Beverly Hills/Westside $ $ % Santa Monica/Venice/Marina Del Rey $ $ % Santa Monica/Venice/Marina Del Rey $ $ % LAX/Inglewood/Culver City $ $ % LAX/Inglewood/Culver City $96.78 $ % South Bay $ $ % South Bay $93.75 $ % San Fernando Valley $95.55 $ % San Fernando Valley $89.50 $ % Pasadena/Arcadia/Monrovia $ $ % Pasadena/Arcadia/Monrovia $ $ % L.A. East (SGV/Pomona) $67.19 $ % L.A. East (SGV/Pomona) $62.41 $ % L.A. Southeast (Gateway Cities) $66.72 $ % L.A. Southeast (Gateway Cities) $61.25 $ % L.A. North (SFV/Valencia/Antelope Valley) $82.90 $ % L.A. North (SFV/Valencia/Antelope Valley) $77.66 $ % $ $ $ $ $ $ February RevPAR November Occupancy $ $ $ $ $75.00 Jan-Feb YTD RevPAR $ $25.00 #REF! #REF!

4 Los Angeles Hotel Inventory by Submarket Total Properties % Total Rooms % LOS ANGELES COUNTY, CA ,818 Downtown L.A. (Full Region) % 11, % Downtown L.A. (Central Business District) % 7, % Hollywood/West Hollywood % 6, % Beverly Hills/Westside L.A % 7, % L.A.X Area/Inglewood/Culver City % 13, % Long Beach % 6, % South Bay % 11, % L.A. Southeast (Gateway Cities) % 7, % Santa Monica/MDR/Venice/Malibu % 5, % Pasadena/Glendale/Burbank % 6, % L.A. East (San Gabriel Valley/Pomona) % 10, % Los Angeles North (includes SF Valley) % 12, % San Fernando Valley (only) % 11, % *Note: Percentages will not foot to 100% due to overlap of regions

5 Los Angeles Hotel Pipeline (In Construction) 32 PIPELINE PROPERTIES WITH 5,558 ROOMS IN CONSTRUCTION OR FINAL PLANNING In Construction* 16 Properties / 3,387 Rooms Name Anticipated Opening # Rooms Address City Hotel Clark Q S. Hill Street Downtown L.A. InterContinental Los Angeles Downtown (Wilshire Grand) Wilshire Blvd Downtown L.A. Metropolis Project (Hotel Indigo) Jul Francisco St & 8th St Downtown L.A. Embassy Hotel Q S. Grand Ave. Downtown L.A. Hampton Inn & Suites Los Angeles Hollywood Apr Vine Street Los Angeles Courtyard by Marriot Santa Monica Apr th Street Santa Monica Hampton Inn & Suites Santa Monica Apr Colorado Ave. Santa Monica Mama Shelter Q Wilcox Ave Hollywood Dream Hotel Q Selma Ave & Cahuenga Hollywood The James Hotel Los Angeles Q Sunset Blvd West Hollywood Springhill Suites Burbank Aug Santa Anita & San Fernando Burbank Aloft El Segundo LAX (Conversion, Not Included in Totals) Aug-15 (247) 475 North Sepulveda Blvd. El Segundo Fairfield Inn & Suites LAX (Conversion, Not Included in Totals) May-15 (356) 525 North Sepulveda Blvd. El Segundo Bicycle Casino Hotel Nov Bicycle Casino Dr Bell Gardens Best Western Plus Gardena Inn & Suites Dec S. Wern Ave Gardena Residence Inn Pasadena (Old Town) Jan N. Fair Oaks Ave Pasadena Hampton Inn & Suites Glendale Feb S. Brand Blvd Glendale Best Western Desert Poppy Inn NA W. Avenue I Lancaster *In Construction: Finalizing bids on general contractor or broken ground. Note The hotel pipeline is continually being revised and updated. The charts below reflect known projects as of March 2015 and are subject to change ; PKF Consulting

6 Los Angeles Hotel Pipeline (Final Planning) 32 PIPELINE PROPERTIES WITH 5,558 ROOMS IN CONSTRUCTION OR FINAL PLANNING Final Planning* 16 Properties / 2,171 Rooms Name Anticipated Opening # Rooms Address City Home2 Suites Los Angeles Downtown Jul Ingraham St. & S. Bixel St. Downtown L.A. Hampton Inn & Suites Koreatown Nov S. Harvard Blvd Los Angeles The Nest Mar Catalina St Los Angeles Waldorf Astoria Beverly Hills Jun Santa Monica Blvd Beverly Hills Unnamed Hollywood & Cahuenga NA Hollywood Blvd Hollywood Second Unnamed Hollywood & Cahuenga N Cahuenga Blvd Hollywood Fairfield Inn & Suites Arcadia Jul W.Huntington Dr. & Colorado Arcadia Residence Inn Arcadia Jul W. Huntington Dr. & Colorado Arcadia Grandview Suites Glendale Mar S. San Fernando Blvd. Glendale Hilton Garden Inn Burbank May S. San Fernando Blvd Burbank Crowne Plaza Los Angeles San Gabriel Mar E. Valley Blvd San Gabriel Hampton Inn & Suites LAX El Segundo Aug Sepulveda Blvd El Segundo The Boulevards South Bay NA 300 Avalon & Del Amo Blvd Carson Shade Hotel Redondo Beach Jan N. Harbor Dr Redondo Beach La Quinta Inn & Suites Sherman Oaks Dec N. Sepulveda Blvd Sherman Oaks Residence Inn Woodland Hills Feb Ventura Blvd & Alhama Dr Woodland Hills *Final Planning: Construction starting within four months, project going out for bids Note The hotel pipeline is continually being revised and updated. The charts below reflect known projects as of March 2015 and are subject to change ; PKF Consulting