Jan. 15 (Bloomberg) -- Luxury hotel owners are betting that downtown Los Angeles -- an area dominated by government buildings, law offices and banks -- will lure convention visitors and tourists from the city’s ritzy enclaves.
Marriott International Inc. will open a Ritz-Carlton, downtown L.A.’s first five-star hotel, and a JW Marriott in the next two months as part of Anschutz Entertainment Group’s 4 million-square-foot L.A. Live entertainment complex. Luxe Worldwide Hotels is spending $10 million to revamp the downtown Holiday Inn into one of its boutique-style hotels.
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