Great news for hoteliers, developers and the hospitality design industry: it may sound like a cliché that Downtown Los Angeles is one of the hottest real estate markets in the country and the world, but even a casual observer of Downtown would have a hard time denying it. Construction is booming and Downtown is gaining a new vibe and a new groove.

Los Angeles has a shortage of hotels and needs more hotels urgently. The hotspots for developing hotels in Los Angeles are Downtown, Hollywood and Beverly Hills. All three locations are considered destination locations for hotels, with a glamor recognition-and locations drive reservations. LA is No. 3 in the world for number of hotel rooms under construction per Alan Reay, Atlas Hospitality Group.