Rooms On the Way: Smaller Projects Gain Favor - San Fernando Valley Business Journal
Increased construction costs and high interest rates are taking a toll on hotel construction in Los Angeles and the rest of the state.
Source: sfvbj.com
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Increased construction costs and high interest rates are taking a toll on hotel construction in Los Angeles and the rest of the state.
The Valley area hotel market experienced a strong recovery last year, but may plateau this year as economic forces make traveling a harder choice for many people.