8/2/2019 Downtown hotel analysis
1/29
Los Angeles Convention Center Hotel Anal sis
And Summar of RoomSupply and Demand
Conditions
Page 1
February 29, 2012
8/2/2019 Downtown hotel analysis
2/29
ExhibitSpaceOccupancy West&SouthHallsHistoricalLACCOperations
WestHall SouthHall(FY2007 FY2011)
72.8%70.4%
80%
.
58.8%
.
59.0%
67.2%. .
62.0%
60%
ccup
ancy
20%
40%
0%
FY2007 FY2008 FY2009 FY2010 FY2011
Page 2
Source: facilitymanagement,2011
8/2/2019 Downtown hotel analysis
3/29
Com arison of Exhibit S ace
Competitive&ComparableMarkets&Facilities
2,588,500Chica o IL
Contiguous Space Total Space
1,068,500
1,366,000
1,940,600
2,055,100
New Orleans, LA
Atlanta, GA
Las Vegas, NV
Orlando, FL
719,600
726,600
813,600
862,000
Los Angeles, CA
Dallas, TX
Anaheim, CA
Houston, TX
525,700
534,500
579,000
584,500
,
San Diego, CA
San Francisco, CA
Denver, CO
Phoenix, AZ
,
Contiguous Average = 585,200Contiguous Median = 593,300
426,600
426,600
0 700,000 1,400,000 2,100,000 2,800,000
San An tonio, TX
Boston, MA Total Average = 1,000,600Total Median = 723,100
Page 3
Source: facility floorplans, management, and industry publications, 2011
quare ee
8/2/2019 Downtown hotel analysis
4/29
Competitive&ComparableMarkets&Facilities
verage = ,Median = 152,700
Page 4
Source: facility floorplans, management, and industry publications, 2011
8/2/2019 Downtown hotel analysis
5/29
Com arison of Ballroom S ace
Competitive&ComparableMarkets&Facilities
Chicago, IL
Contiguous Space Total Space
203,500
San Antonio, TX
Phoenix, AZ
San Francisco, CA 123,800
118,800
90,100
82 200
Orlando, FL
New Orleans, LA
San Diego, CA
,
81,700
66,900
62,200
Anaheim, CA
Dallas, TX
Washington, DC
Atlanta, GA
Contiguous Average = 40,700Contiguous Median = 39,000
58,700
52,000
46,100
38,100
0 50,000 100,000 150,000 200,000
Houston, TX
Boston, MA o a verage = ,Total Median = 60,50037,600
31,600
Page 5
Square Feet
Note: The Los Angeles Convention Center and the Las Vegas Convention Center do not currently offer ballroom space.Source: facility floorplans, management, and industry publications, 2011
8/2/2019 Downtown hotel analysis
6/29
Com arison of Rooms at Head uarter Hotels
Competitive&ComparableMarkets&Facilities
2,955
5,175
Las Vegas, NV
Orlando, FL
2,513
2,552
2,604
San Antonio, TX
San Diego, CA
Anaheim, CA
1,712
1,909
2,400
,
Phoenix, AZ
San Francisco, CA
Chicago, IL
,
1,099
1,167
1,196
,
Denver, CO
Washington, DC
Los Angeles, CA
ouston,
Average = 1,990Median = 1 810
793
1,0161,067
Boston, MA
Dallas, TXAtlanta, GA
Page 6
, , , , ,
Headquarter Hotel Rooms
See notes on following slide.
8/2/2019 Downtown hotel analysis
7/29
ComparisonofHotelRoomsWithinMileCompetitive&ComparableMarkets&Facilities
oftheConventionCenter19,113SanFrancisco,CA
8,614
9,354
10,803
16,631
NewOrleans,LASanAntonio,TX
Orlando,FLLasVegas,NV
7,600
7,800
8,190
8,317
Washington,DCAnaheim,CA
SanDiego,CAAtlanta,GA
1,700
3,251
3,776
,
Boston MA
Phoenix,AZHouston,TX
Dallas,TX,
Average=7,3001,089
1,685
,
0 5,000 10,000 15,000 20,000
Chicago,ILLosAngeles,CA
e an= ,
Page 7
NumberofRoomsSource:CSLInternational,ConventionandVisitorsBureaus,2011.
8/2/2019 Downtown hotel analysis
8/29
Hotel Rooms Within Mile of the
Competitive&ComparableMarkets&Facilities
2 hotels with more than 1,000 rooms.
2 hotels with 500 to 999 rooms.
24 hotels with 100 to 499 rooms
12
.
4
6 Mile Radius
1 Hilton Anaheim (1,572 rooms)
2 Anaheim Marriott (1,030)
3 Disneyland Hotel (988)
4 Disneys Grand Californian (948)13
16
9
8
5 Sheraton Park Hotel (490)
6 Disneys Paradise Pier (481)
7 Anabella Hotel (360)
8 Red Lion (310)
9 Best Western PLUS Stovalls Inn (289)10 Clarion Hotel (284)5
714
1517
21
2728
2
11
12 Best Western PLUS Park Place Inn (199)
13 Castle Inn and Suites (199)
14 Desert Palms (189)
15 Portofino Inn and Suites (188)
16 Ramada Inn Maingate (185)
17 Su er 8 173
10AnaheimConvention
Center 20
22
23
24
25
18 Hampton Inn and Suites (172)
19 Candy Cane Inn (171)
20 Courtyard by Marriott (153)
21 Desert Inn and Suites (146)
22 Dolphins Cove Resort (136)
23 Cortona Inn and Suites (127)
26
Page 8
8
24 Travelodge Anaheim Conv. Ctr. (119)
25 Best Western Raffles Inn (108)
26 Comfort Inn Maingate (108)
27 Ramada Plaza Hotel (105)
28 Holiday Inn Express (104)
8/2/2019 Downtown hotel analysis
9/29
Hotel Rooms Within Mile of the
Competitive&ComparableMarkets&Facilities
3 hotels with more than 1,000 rooms.
5 .
11 hotels with 100 to 499 rooms.
12
Mile Radius
1 Manchester Grand Hyatt (1,625 rooms)
7
13
15
2
46
9 8
11 2 San Diego Marriott Convention Center (1,362)3 Hilton San Diego Bayfront (1,190)
4 Omni San Diego Hotel (511)
5 Westin Gaslamp Quarter (450)
6 Hard Rock Hotel (420)
10
San DiegoConvention Center
3
7 Embassy Suites San Diego Bay (337)
8 San Diego Marriott Gaslamp (306)
9 Hilton San Diego Gaslamp (282)
10 Residence Inn by Marriott Gaslamp (240)
11 Hotel Solamar (235)
12 Hotel Indigo (210)13 Andaz San Diego (159)
14 Horton Grand Hotel (132)
15 Comfort Inn Gaslamp (103)
Page 9
9
8/2/2019 Downtown hotel analysis
10/29
Hotel Rooms Within Mile of the
Competitive&ComparableMarkets&Facilities
4 hotels with more than 1,000 rooms.
5 hotels with 500 to 999 rooms.
43 hotels with 100 to 499 rooms
16
. Mile Radius
1 Hilton Union Square (1,908 rooms)
2 Marriott Marquis (1,499)
3 Westin St. Francis (1,196)
4 Parc 55 Hotel (1,010)
51310
411
5 Grand Hyatt (685)
6 Westin Market Street (676)
7 Palace Hotel (552)
8 InterContinental (550)
9 Hotel Nikko (532)
10 Sir Francis Drake Hotel (416)
141519 6
19 12
202122
2
8
12 W San Francisco (404)
13 Marriott Union Square (400)
14 Handlery Union Square Hotel (377)
15 Clift Hotel (363)
16 Omni San Francisco (362)
17 JWMarriott Hotel 337
osconeCenter
18 The Ritz-Carlton (336)19 Four Seasons Hotel (277)
20 The St. Regis Hotel (260)
21 Serrano Hotel (236)
22 Hotel Monaco (201)
30 Hotels offerin 100-199 rooms
Page 10
10
8/2/2019 Downtown hotel analysis
11/29
Hotel Rooms Within Mile of the
Competitive&ComparableMarkets&Facilities
1 hotel with more than 1,000 rooms.
Mile Radius
3 hotels with 500 to 999 rooms.
13 hotels with 100 to 499 rooms.
1 Philadelphia Marriott (1,332 rooms)
13 PennsylvaniaConvention Center
2
7 10 17
2 Sheraton City Center (758)
3 Loews Philadelphia Hotel (581)
4 Courtyard by Marriott (500)
5 Crowne Plaza Center City (445)6 Doubletree Hotel Philadel hia 434
Convention CenterExpansion
1 34
11
12
14
5
7 Four Seasons Hotel (364)
8 The Ritz-Carlton Philadelphia (299)
9 The Westin Philadelphia (290)
10 Embassy Suites Center City (288)
11 Hilton Garden Inn Cit Center 279
89
15 16
6
12 Residence Inn by Marriott (269)
13 Hampton Inn Philadelphia (250)
14 W Hotel (Opening 2009) (250)
15 Park Hyatt Philadelphia (172)
Page 11Page 11
17 Hotel Windsor (106)
8/2/2019 Downtown hotel analysis
12/29
Hotel Rooms Within Mile of the
Competitive&ComparableMarkets&Facilities
7
2 hotels with more than 1,000 rooms.
2 hotels with 500 to 999 rooms.
Mile Radius
3
8
1011
1213
1718
19 20 2122
18 hotels with 150 to 499 rooms.
1 Grand Hyatt San Antonio (1,003 rooms)
2 Marriott Rivercenter (1,001)
3 Hyatt Regency (632)
Henry B. Gonzalez
Convention Center
15
24
6 154 Marriott Riverwalk (512)
5 Hilton Palacio del Rio (483)
6 Westin Riverwalk (473)
7 Crowne Plaza Riverwalk (410)
8 Wyndham St. Anthony (352)
16
. .
10 Omni La Mansion del Rio (338)
11 Sheraton Gunter Hotel (322)
12 the Historic Menger Hotel (316)
13 Holiday Inn Riverwalk (313)
14 Drury Plaza Hotel San Antonio Riverwalk (306)
15 Hotel Contessa (265)16 Marriott Plaza San Antonio (251)
17 Residence Inn by Marriott Alamo (220)
18 Red Roof Inn Downtown (215)
19 Hotel Valencia Riverwalk (213)
Page 12Page 12
m y organ
21 Hampton Inn Downtown (169)
22 Drury Inn & Suites Riverwalk (150)
8/2/2019 Downtown hotel analysis
13/29
Hotel Rooms Within Mile of the
Competitive&ComparableMarkets&Facilities
os nge es onven on en er
0 hotels with more than 1,000 rooms. Mile Radius
4
1 hotel with 500 to 999 rooms.
4 hotels with 100 to 499 rooms.
1
1 Wilshire Grand 900 rooms
38
2 JW Marriott LA Live (878)
3 Sheraton Downtown (485)
4 Mayfair Hotel (295)
5 Figueroa Hotel (285)
6 Stillwell Hotel (232)
627
10
Los AngelesConvention Center
7 uxe ote ty enter 180)
8 Ritz Milner Hotel (137)
9 Ramada LA Convention Center (136)
10 The Ritz-Carlton LA (123)
Page 13
13
8/2/2019 Downtown hotel analysis
14/29
Convention Center & Destination Features Expected to
Increase in Im ortance in the Future All Res ondents
IndustryCharacteristicsandTrends
4.7Need for breakout meeting rooms
National Conventions and Tradeshows
4.3
4.3
A walkable center, hotel, restaurant,retail and entertainment environment
Free wireless Internet
3.0
3.4
3.5
Fixed seating general session space
On-site business and technologycenter
es auran s w n e cen er
2.7
2.9
Videoconferencing capabilities
Executive board rooms / suites
2.2
0 1 2 3 4 5
Dedicated outdoor, covered eventspace adjacent to the center
Page 14
Notes: Data represented includes all organizations interviewedRatings are based on a scale of one through five, with five being most important and one being least important.
Source: CSL Interviews, 2011
Page 14
8/2/2019 Downtown hotel analysis
15/29
Future LACC Demand Considerations
Limited industry growth added LACC eventslargely take from competitors
Improvements to competitive destinations High LACC occupancy levels
Lack of surrounding hotel inventory
Improvement to contiguous space
Addition of a dedicated ballroom
Event Center s ace availabilit
Page 15
8/2/2019 Downtown hotel analysis
16/29
Lost LACC Business
American College of OB/GYN
Lost to San Die o due to hotel acka e
16,000 peak rooms
Lack of hotels near Center
Page 16
8/2/2019 Downtown hotel analysis
17/29
E-3 : Peak Rooms at Area Hotels
,
1200
1000
600
400
01 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
Page 17
8/2/2019 Downtown hotel analysis
18/29
E-3: 6,300 Committable Rooms , . 3 hotels with 500 to 999 rooms.
12 hotels with 100 to 499 rooms.
13 hotels with 100 to 499 rooms.
6,300 Committable Rooms
1 Westin Bonaventure (987 rooms)
2 JW Marriott LA Live (738)
3 Wilshire Grand (608)
4 Millennium Biltmore 430
5 Wilshire Los Angeles (382)
6 Sheraton Downtown (303)
7 Kyoto Grand (283)
8 Hyatt Century Plaza (239)
9 Marriott Downtown (231)10 Renaissance Hollywood (225)
on n versa y
12 Standard Downtown (182)
13 Le Merigot Santa Monica (175)
14 Sheraton Universal (164)
15 Hollywood Roosevelt (147)
16 Loews Santa Monica (98)
17 Miyako Hotel (98)
Los Angeles Convention Center
Mile Radius
18 Hilton Checkers (96)
19 Ritz Milner (96)
20 Beverly Garlands Holiday Inn (94)
21 Ritz-Carlton at LA Live (85)
22 LUXE City Center (79)
23 Kawada Hotel (71)
Page 18
25 Hollywood Heights Hotel (62)
26 Radisson Hotel at USC (61)
27 W Hollywood Hotel (58)
28 Los Angeles Athletic Club (42)
8/2/2019 Downtown hotel analysis
19/29
E-3 if held in SF: 6,300 Committable Rooms
2 hotels with more than 1,000 rooms.
2 hotels with 500 to 999 rooms.
6 hotels with 100 to 499 rooms .
6,300 Committable Rooms*
1 Hilton Union Square (1,336 rooms)
2 Marriott Marquis (1,049)
Mile Radius
510
3 Westin St. Francis (837)
4 Parc 55 Hotel (707)
5 Grand Hyatt (480)
6 Westin Market Street (473)
7 Palace Hotel (386)
8 InterContinental (385)4
61
9 2 10 Sir Francis Drake Hotel (291)
8
osconeCenter
Page 19
Note: Committable rooms shown assume a 70
percent rate of total hotel inventory.
8/2/2019 Downtown hotel analysis
20/29
Microsoft Worldwide Partners : Peak Rooms at Area Hotels
,
1200
800
1000
600
200
400
01 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
Page 20
8/2/2019 Downtown hotel analysis
21/29
Microsoft: 7,450 Committable Rooms , . 3 hotels with 500 to 999 rooms.
16 hotels with 100 to 499 rooms.
8 hotels with 100 to 499 rooms.
7,450 Committable Rooms
1 Westin Bonaventure (1,051 rooms)
2 JW Marriott LA Live (716)
3 Millennium Biltmore (629)
4 Wilshire Grand 606
5 Sheraton Downtown (358)
6 Sheraton Universal (340)
7 Kyoto Grand (334)
8 Hyatt Century Plaza (333)
9 Sheraton Gateway LAX (317)
10 Marriott Downtown (316)Los Angeles Convention Center arr o
12 Crowne Plaza LAX (274)
13 Omni Downtown LA (220)
14 Westin LAX (218)
15 Intercontinental Los Angeles (179)
16 Four Points LAX (176)
17 Figueroa Hotel (158)
Mile Radius
18 Standard Downtown (148)
19 Renaissance Hollywood (124)
20 Miyako Hotel (103)
21 Hilton Checkers (94)
22 Hollywood Roosevelt (84)
23 Hilton Universal (81)
Page 21
25 LUXE Hotel City Center (76)
26 Four Seasons LA at Beverly Hills (75)
27 O Hotel (62)
28 Ritz-Carlton LA Live (26)
8/2/2019 Downtown hotel analysis
22/29
Microsoft if held in SD: 7,450 Committable Rooms
1 hotel with more than 1,000 rooms.
2 hotels with 500 to 999 rooms.
10 2124
21 hotels with 100 to 499 rooms.
7,450 Committable Rooms*
1 Manchester Grand Hyatt (1,138 rooms)1716
4
7 13
1415
2022
Mile Radius
2 San Diego Marriott Marquis (953)
3 Hilton San Diego Bayfront (833)
4 Holiday Inn on the Bay (420)
5 Omni San Diego Hotel (358)
6 Westin Gaslamp Quarter (315)
7 The Westin San Diego (305)8 Hard Rock Hotel (294)
6
9
25
21
812 11
2319
9 Embassy Suites San Diego Bay (236)
10 Doubletree Hotel Downtown (233)
11 San Diego Marriott Gaslamp (214)
12 Hilton San Diego Gaslamp (197)
13 The US Grant (189)
14 Sheraton Suites (185)
15 W San Diego (181)
18
San DiegoConvention Center
516 - 500 West Hotel (181)
17 Courtyard by Marriott Downtown (172)
18 Residence Inn by Marriott Gaslamp (168)
19 Hotel Solamar (165)
20 The Westgate Hotel (156)
21 Holiday Inn Downtown (154)
22 Hotel Sofia (148)
Page 22
23 Hotel Indigo (147)
24 Hampton Inn by Hilton Downtown (124)
24 Andaz San Diego (111)
Note: Committable rooms shown assume a 70percent rate of total hotel inventory.
8/2/2019 Downtown hotel analysis
23/29
Clinical Chemistry : Peak Rooms at Area Hotels
,
1200
1000
600
800
400
0
200
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
Page 23
8/2/2019 Downtown hotel analysis
24/29
Clinical Chemistry: 5,800 Committable Rooms
1 hotel with more than 1,000 rooms. 1 hotel with 500 to 999 rooms.
17 hotels with 100 to 499 rooms.
4 hotels with 100 to 499 rooms.
5,800 Committable Rooms
1 Westin Bonaventure (1,100 rooms)
2 JW Marriott LA Live (775)
4 Kyoto Hotel (360)
5 Sheraton LA Downtown (350)
6 Los Angeles Marriott Downtown (337)
7 Hilton Universal (300)
8 Millennium Biltmore (300)9 Renaissance Hollywood (250)
10 Hotel Palomar (200)
11 Intercontinental LA Century City (200)
12 Sheraton Universal (175)
13 Hollywood Roosevelt (160)
14 The Standard, Downtown (150)
15 Luxe City Center (110)
16 Andaz (100)Los Angeles Convention Center
Mile Radius17 Figueroa Hotel (100)
18 Hilton Checkers (100)
19 - Miyako Hotel (100)
20 Beverly Garland (75)
21 Luxe Sunset Boulevard (50)
22 O Hotel (50)
Page 24
os nge es e c u
8/2/2019 Downtown hotel analysis
25/29
Clin. Chem. if held in Anaheim: 5,800 Committable Rooms
1 hotel with more than 1,000 rooms.
3 hotels with 500 to 999 rooms.
14 hotels with 100 to 499 rooms
12
.
4
6 Mile Radius
5,800 Committable Rooms*
1 Hilton Anaheim (1,100 rooms)
2 Anaheim Marriott (721)13
16
9
8
3 Disneyland Hotel (692)
4 Disneys Grand Californian (664)
5 Sheraton Park Hotel (343)
6 Disneys Paradise Pier (337)
7 Anabella Hotel (252)
8 Red Lion (217)
5
714
1517
2
11
10 Clarion Hotel (199)
11 DoubleTree Guest Suites (176)
12 Best Western PLUS Park Place Inn (139)
13 Castle Inn and Suites (139)
14 Desert Palms (132)
15 Portofino Inn and Suites 132
10AnaheimConvention
Center
16 Ramada Inn Maingate (130)17 Super 8 (121)
18 Hampton Inn and Suites (120)
Page 25
Note: Committable rooms shown assume a 70
percent rate of total hotel inventory.
8/2/2019 Downtown hotel analysis
26/29
Distribution of Peak Room Requirements
18,000
14,000
16,000
San Francisco
10,000
12,000
6,000
,
Anaheim
San Diego
0
2,000
,
Los Angeles
Page 26
Market capture based on 70 percent commitability of rooms within 12 mile of Center.
8/2/2019 Downtown hotel analysis
27/29
Convention & Tradeshow EVENT Market Capture
92%4,600 Rooms
84%3,600 Rooms
74%2,600 Rooms
29%1,179 Rooms
Page 27
8/2/2019 Downtown hotel analysis
28/29
Convention & Tradeshow ROOM NIGHT Market Capture
75%4,600 Rooms
60%3,600 Rooms
47%
82,000 Added
2,600 Rooms
13%
oom gPotential1,179 Rooms
Page 28
8/2/2019 Downtown hotel analysis
29/29
Los Angeles Convention Center Hotel Anal sis
And Summar of Room
Supply and DemandConditions
Page 29
February 29, 2012
Top Related