Q3 2016 MARKET REPORT
FEATURED PROJECTS
Hotel
UNDER CONSTRUCTION
THE FREEHAND HOSTEL
Developer: The Sydell Group
This hip new lodging concept that debuted in Miami
will soon open in the Financial District and will include
both lobby and rooftop lounges.
UNDER CONSTRUCTION
NOMAD HOTEL
Developer: Sydell Group
This renovation of historic Giannini
Place is the second project from the
Sydell Group within one block with
construction already underway on
their Freehand Hostel.
UNDER CONSTRUCTION
THE LA PROPER
Developer: KOR Group
Situated south of the Ace Hotel,
this historic conversion in the
Fashion District promises to expand
the boundaries of Broadway’s revival.
2015 DTLA TOURISM DATA FROM L.A. TOURISM & CONVENTION BOARD
18.9m
Total number of
visitors to DTLA
20
1.3m
Total number of
hotel guests in DTLA
Downtown Center Business Improvement District
4.4
Average number of days
staying in a hotel in DTLA
$84.50
Average daily spend
per person in DTLA