West Hollywood is the leader of the new hotel development boom happening on the West Coast. As hotel sales hit a new record last year in Los Angeles County, U.S. Immigration Fund's West Hollywood Edition emerges in an ideal market. The Edition Hotel developer, Steve Witkoff, states The Edition “is the best located hotel within West Hollywood, a high barrier to entry market and one of the highest RevPAR submarkets in the country". Feb 14, 2018  | [caption id="attachment_25076" align="aligncenter" width="600"] Kimpton La Peer hotel[/caption] There is a hotel boom going on, with West Hollywood a leader in some respects. New hotel development in California in 2017 exceeded the peak set in 2008, according to a report by Atlas Hospitality Group, a hotel sales and investment organization. Atlas reports that 10,793 rooms opened in 66 hotels across the state. The previous record was 10,286 rooms in 2008. Hotel sales in Los Angeles County also hit a new record last year. The $1.7 billion in hotel sales last year is an increase of $344 million over sales in 2016. Atlas reports that the median hotel room purchase price in Los Angeles grew to $127,211, the highest it has been since 2008. That record was achieved in part by the sale of two hotels in West Hollywood, which Atlas reports were the largest acquisitions in L.A. last year Starwood’s purchase of the Jeremy on Sunset Boulevard in June fo $280 million from the C.I.M. Group was the largest sale in L.A. County. The biggest buy in terms of price per room was Jeff Klein’s decision last year to buy out the majority owner of the 81-room Sunset Tower Hotel. Klein paid or $1.13 million per room for a total of $90 million. The Real Deal, a commercial real estate news site, reports that that this year, “the hotel industry is expected to break all previous records for new rooms, including the one set last year when 4,300 opened. To give some perspective, the more than 5,000 rooms now under construction in L.A. County account for 25 percent of all rooms in the works throughout California.” West Hollywood, a geographically small city of only 1.89 square miles, is home to 20 hotels with more on the way. The latest to open is the La Peer on La Peer Drive just north of Melrose. Under construction is the 190-room Edition on Sunset Boulevard and in the planning process is the 240-room Robertson Lane. Several other projects, including ones on Holloway Drive and La Brea Avenue, have been proposed by developers. Steve Witkoff, the developer of The Edition, has called out West Hollywood as an ideal hotel market. The Edition “is the best located hotel within West Hollywood, a high barrier to entry market and one of the highest RevPAR submarkets in the country,” said. (RevPAR is hotel industry speak for revenue per available room.)    
January 25, 2018 |  
The project brings Edition's luxury experience home
[caption id="attachment_25054" align="aligncenter" width="569"] The pool area at the West Hollywood Edition, opening this year.
Rendering: DBOX[/caption] Ever stayed in a hotel and thought, I wish I could just move in? Well, this newly announced Los Angeles project may be your best chance. Ian Schrager, the legendary hotelier behind the likes of the Gramercy Park Hotel, the buzzy new Public in New York, and the über-luxe Edition—who's often credited with inventing the concept of the now omnipresent boutique hotel—is turning to residences for his newest project. In collaboration with New Valley, Witkoff, developers of Schrager's upcoming West Hollywood Edition hotel, will also develop the West Hollywood Edition Residences, a suite of homes in the style of the popular hotels opening in time with the hotel later this year. Luckily for interested aesthetes, Witkoff has doubled down on design talent, enlisting John Pawson (the design eye behind the Gramercy Park Hotel) to create the interiors of the two-to-four-bedroom homes. [caption id="attachment_25055" align="aligncenter" width="554"] The entrance to the Edition residences.
Rendering: DBOX[/caption] "The West Hollywood Edition represents the beginning of an evolution for this neighborhood," developer Alex Witkoff tells AD PRO. "It brings a measure of restrained elegance, design excellence, and craft to the heart of West Hollywood." [caption id="attachment_25056" align="aligncenter" width="533"] The residence lobby, featuring a slatted teak doorway conceived by John Pawson.
Rendering: DBOX[/caption] For his part, Pawson looked to the surrounding neighborhood and the larger city for inspiration in the design, which features lots of open spaces, highlighting sweeping views that are framed in modern, textural materials like concrete and teak. "Understanding the grain of a place is incredibly important to the way I work," explains the designer. "Sunset Strip is charged with energy and atmosphere—it has a unique visual character and culture that is constantly evolving. The location of the new Edition is particularly interesting territory because it sits at the transition between the grittiness of the Strip and softer residential areas. I wanted to create architecture with expressly permeable boundaries—to communicate the idea that this is not simply a place for guests to stay but an exciting gathering place for the broader neighborhood." [caption id="attachment_25057" align="aligncenter" width="532"] The living rooms feature sweeping views of Los Angeles.
Rendering: DBOX[/caption] Pawson's influence goes micro, too: He designed everything from the building's custom siding to the hardware on the doors. Appliances by Miele and bath features like a soaking tub, steam shower, and travertine flooring translate the luxury of Schrager's hotel properties to a home setting. [caption id="attachment_25058" align="aligncenter" width="559"] A residence terrace.
Rendering: DBOX[/caption] Wikoff hopes to attract a more cultured buyer, adding to the usual list of amenities like concierge services and fitness and spa facilities a custom large-scale installation by Sterling Ruby. "We believe the residents we seek care about art, architecture, and culture," the developer says. "They are discerning and worldly and want homes that offer a respite from a busy life. With that in mind, we have crafted a building that should create a home they are eager to return to yet in the heart of L.A." Or as Pawson quite simply puts it: "For me, it’s all about creating an authentic sense of home, where people also feel connected with a strong sense of place."    
The hotels, conference spaces, restaurants, and cultural spaces slated to open in Los Angeles for events and entertaining this year.
By Claire Hoffman January 8, 2018 LOS ANGELES- Looking for a new venue for your next event? Here are the most anticipated Los Angeles restaurants, corporate event venues, hotels, conference centers, and party rooms slated to open in 2018. These new and renovated Los Angeles venues will accommodate groups large or small for private and corporate events, conferences, meetings, weddings, business dinners, teambuilding activities, cocktail parties, and more.
  1. The long-anticipated NoMad Los Angeles is slated to open in late January. Located in the historic Giannini Place building downtown, the 241-room hotel is designed by Jacques Garcia and features the first west coast restaurant from chef Daniel Humm and restaurateur Will Guidara (the team behind the NoMad New York City and the restaurant Eleven Madison Park). The property offers 10,000 square feet of event space, including a 5,178-square-foot rooftop that holds 450, a 2,375-square-foot mezzanine restaurant that seats 100 or holds 275 for receptions, and a suite that holds 30. There are also two private dining rooms, a coffee bar, and more.
  2. The first Autograph Collection hotel in Los Angeles will open on February 21 on 26 acres in the former Marriott Manhattan Beach space. The 392-room Westdrift Manhattan Beach boasts more than 35,000 square feet of indoor-outdoor event space, including 18 meeting rooms, a ballroom, and three additional venues for weddings and corporate events. There is also a restaurant with cuisine by chef Octavio Sabado, a fitness center, and a nine-hole golf course.
  3. Restauranteur David Chang is expected to expand his Momofuku empire to downtown Los Angeles in early 2018. Majordomo will be located in a 5,000-square-foot warehouse space on the outskirts of Chinatown, and is expected to focus on family-style portions of meat and produce. A Los Angeles location of Milk Bar, Momofuku’s dessert shop offshoot, is also expected to open in 2018; no location has been announced.
  4. After 42 years in New York, the Insitute of Culinary Educationis expected to open a location in Los Angeles in early 2018. Taking over the Pasadena facility formerly occupied by Le Cordon Bleu, the venue will offer career-training programs and a hospitality management program. Owners also hope to add a chocolate lab, a culinary technology lab, and recreational classes and special culinary events. ICE will be available for corporate entertaining and team building, as well as social events and dinners.
  5. Austin-based theater chain Alamo Drafthouse plans to open its first Los Angeles location in 2018. Located at the Bloc—a 1.8-million-square-foot mixed-use development downtown—the theater will have 12 screens and seat 560 people total for screenings and events. In-theater dining and an adjoining bar will offer locally sourced food and drinks.
  6. Yardbird Southern Tableis slated to open in the Beverly Center in the spring. The 6,000-square-foot restaurant by restaurateur John Kunkel will feature a modern take on Southern cuisine, with shared plates, farm-fresh ingredients, and plenty of fried chicken. Yardbird also has locations in Miami Beach, Las Vegas, and Singapore.
  7. Proper Hotels plans to open Proper DTLAthis summer in the former Y.W.C.A building on the Historic Broadway Corridor downtown. Designed by Kelly Wearstler, the 148-room hotel will feature three restaurants, a rooftop pool and lounge, and unique suites and public areas such as a library with original ceiling frescos and a basketball court-turned-screening room. A Santa Monica location of the hotel chain is scheduled to open in early 2019.
  8. The first west coast property under Marriott International and Ian Schrager’s Edition brand is slated to open on the Sunset Strip in West Hollywood in October. The 190-room Edition West Hollywood is being developed by the Witkoff Group and New Valley, and will have 20 luxury residences, 5,200 square feet of meeting space, a signature restaurant and nightclub, and a rooftop pool.
  9. Josh Skenes—the founder of Saison, a San Francisco restaurant with three Michelin stars—plans to open a casual concept in the Beverly Center in the fall. Angler will have an emphasis on seafood and a dining room with 100 seats, maritime decor, a full bar, lounge areas, and a wine cellar. Skenes is partnering with Mark Bright and investor group Terra Ventures to form Saison Hospitality Group, which will manage the project.
  10. Oceanwide Plaza, a mixed-use project being built adjacent to the Staples Center and L.A. Live downtown, is slated to open Los Angeles’s first Park Hyatt in December. The 184-room luxury hotel, designed by Studio Munge, will have 34 suites, meeting and event space, and a spa and wellness facility.