downtown hotel analysis

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


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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


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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


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verage = ,Median = 152,700

Page 4

Source: facility floorplans, management, and industry publications, 2011


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Com arison of Ballroom S ace


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


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Com arison of Rooms at Head uarter Hotels


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.


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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.


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Hotel Rooms Within Mile of the


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)


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5 .


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


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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


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1 hotel with more than 1,000 rooms.

Mile Radius



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)


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7



Mile Radius

3

8

1011

1213

1718

19 20 2122


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)


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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.


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


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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


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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


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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


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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


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E-3: 6,300 Committable Rooms , . 3 hotels with 500 to 999 rooms.



6,300 Committable Rooms

1 Westin Bonaventure (987 rooms)


3 Wilshire Grand (608)

4 Millennium Biltmore 430

5 Wilshire Los Angeles (382)


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)


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E-3 if held in SF: 6,300 Committable 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.


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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


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Microsoft: 7,450 Committable Rooms , . 3 hotels with 500 to 999 rooms.




1 Westin Bonaventure (1,051 rooms)


3 Millennium Biltmore (629)

4 Wilshire Grand 606



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)



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)


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Microsoft if held in SD: 7,450 Committable Rooms



10 2124



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.


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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


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Clinical Chemistry: 5,800 Committable Rooms

1 hotel with more than 1,000 rooms. 1 hotel with 500 to 999 rooms.




1 Westin Bonaventure (1,100 rooms)


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)



14 The Standard, Downtown (150)

15 Luxe City Center (110)

16 Andaz (100)Los Angeles Convention Center

Mile Radius17 Figueroa Hotel (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


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Clin. Chem. if held in Anaheim: 5,800 Committable Rooms




12

.

4

6 Mile Radius


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.


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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.


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Convention & Tradeshow EVENT Market Capture

92%4,600 Rooms

84%3,600 Rooms

74%2,600 Rooms

29%1,179 Rooms

Page 27


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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


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Los Angeles Convention Center Hotel Anal sis

And Summar of Room

Supply and DemandConditions

Page 29

February 29, 2012

downtown hotel analysis

Documents