Should There Be A Moratorium On Hotels In West Hollywood?
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West Hollywood Mayor Lauren Meister has had enough.
She plans to ask the West Hollywood City Council on Monday to issue a moratorium on new hotels in WeHo at least until the city can research the impact on the hotels already in the city.
The West Hollywood City Council reviewed research last September that showed a big decline in future occupancy rates if permits are granted to hotels now under review in addition to those under construction or soon to be, according to Meister's proposal, WeHoVille reports.
The research, which was done by PFK Consulting and CBRE Hotels, is forecasting by 2020, the occupancy rate would fall to 68% compared to an 83% rate two years ago.
Hotels being considered or that have received prior approval add 1,229 rooms, or an increase of 60%.
Meister is concerned four projects being considered were not even included in the study.
A downturn in the economy could also negatively impact local hotel occupancy rates. She would like the city council to conduct new research.