Category: hotel

Pebblebrook Hotel: Still A Long Time Until Dividend Normalization (NYSE:PEB)

Pebblebrook Hotel Trust (NYSE: PEB) will likely continue to report negative funds from operations through the end of the first nine months of 2021, before leisure and business travel return to normal. However, the cash burn will likely continue to decline until September 2021, after which I expect PEB’s hotel properties to generate net positive cash flow. Increasing occupancy of currently open hotels and the re-opening of closed hotels will likely reduce the cash burn over the coming months. Overall, I believe PEB can ride out the pandemic due to its present liquidity position. I’m expecting PEB to return to the pre-pandemic dividend level by the mid of 2022. Based on my outlook of negligible dividends and dividend yield until 2022 and the subsequent normalization, I’m adopting a neutral rating on PEB.

Current Liquidity Position Gives Hope

PEB reported funds from operations (“FFO”) of negative $82 million in the third quarter, which is a small improvement from the second quarter of 2020. Around nineteen out of a total fifty-three of PEB’s hotels resumed operations during the third quarter to take the total number of open hotels to thirty-nine, according to details given in the November NAREIT Summary. The re-opening of hotels and some recovery in leisure and business travel led to a slight improvement in FFO. The following table shows PEB’s FFO and revenues over the last few quarters.

Pebblebrook Hotel Financial Summary

The management believes that it can break even if its occupancy level reaches the “early 50s” (meaning 50% to 53%), as mentioned in the third quarter’s conference call. This break-even occupancy level is almost double of October’s occupancy of 27%, as mentioned in the NAREIT Summary. In my opinion, PEB’s hotels will be unable to reach 50% occupancy until the last quarter of next year. I’m expecting positive cash flow in the fourth quarter of 2021 because several experts agree that life will be normal by then. The management of a COVID-19 vaccine frontrunner recently mentioned that life could return to normal by next winter, while the United States’ vaccine program advisor recently predicted that life could return to normal by May 2021.

The question is: can PEB ride out the pandemic till it reaches the break-even point?

PEB currently has a monthly cash burn rate of $16 million to $21 million, while it has cash on hand of $217 million and total liquidity of $570.2 million, as mentioned in the third quarter’s investor presentation. The cash burn will reduce over the coming months as occupancy improves in PEB’s 39 hotels that are currently open. Further, the re-opening of the remaining 14 hotels in the coming months will reduce the cash burn. However, I’m assuming that in the worst-case scenario, PEB will not be able to improve its cash burn at all through the next twelve months. Further, I’m not expecting debt repayments to boost the cash burn because PEB just has $57 million of debt maturing in November 2021, and the REIT does not have any major debt repayments until

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Hotel lockdown ordered for cardinal-designates

ROME — The Vatican’s Santa Marta hotel was built to sequester cardinals during papal elections. It’s now sequestering soon-to-be cardinals in town for this weekend’s ceremony to get their red hats: A handful are in protective coronavirus quarantine, confined to their rooms on Vatican orders and getting meals delivered to their doors.

The 10-day quarantines, with covid-19 tests administered at the start and finish, are just one example of how today’s ceremony to elevate new cardinals is like nothing the Holy See has ever seen.

“They told me it would be like this, but I didn’t think it would be so strict!” said Cardinal-designate Felipe Arizmendi Esquivel, the retired archbishop of Chiapas, Mexico.

In a Zoom call from his hotel room, Esquivel said he had thought there might be some exceptions to the lockdown for new cardinals. “No. Here, it doesn’t matter if you’re a cardinal or a pope. The virus doesn’t respect anyone,” he said.

[CORONAVIRUS: Click here for our complete coverage » arkansasonline.com/coronavirus]

Pope Francis today will elevate 13 clerics to the College of Cardinals, the elite group of red-robed churchmen whose primary task is to elect a new pope. It’s the seventh time Francis has named a new batch of cardinals since his election in 2013, and his imprint is increasingly shifting the balance of power away from Europe and toward the developing world.

The Vatican has said two new cardinals won’t make it to Rome for the ceremony, known as a consistory, because of covid-19 and travel concerns — the Vatican’s ambassador to Brunei, Cardinal-designate Cornelius Sim, and the archbishop of Capiz, Philippines, Cardinal-designate Jose Advincula.

The Vatican is arranging for them, and any of the cardinals who might not make it, to participate in the ceremony remotely from their homes. They’ll get their three-pointed “biretta” hats from a Vatican ambassador or another envoy.

For those who are participating in person, the public health crisis has posed an unusual set of challenges. Italy, where the pandemic erupted in late February, is in the throes of a second wave. The Vatican itself has returned to a modified lockdown in recent weeks, with the Vatican Museums shuttered and a dozen Swiss Guards testing positive.

Francis, 83, has been criticized for his rather lax mask usage, but he has abided by social distancing measures to a degree. He too lives at Santa Marta, where there has been at least one positive case reported in recent months.

Usually, consistories are full of parties and crowds: Cardinals come to town with family, friends and sometimes benefactors and parishioners who get to see the new “princes of the church” up close and then attend receptions and dinners in their honor. Under normal circumstances, the consistory would be followed by “courtesy visits,” where the new cardinals greet well-wishers and the general public from the grandeur of their own reception rooms in the Apostolic Palace or Vatican auditorium.

This year, there will be no courtesy visits, and each cardinal has a 10-person limit for

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Iconic Vienna hotel turns to drive-in cake as pandemic bites

The coronavirus pandemic may have forced many of Vienna’s luxury hotels to close indefinitely as global travel restrictions keep away the many millions of tourists who usually visit the Austrian capital every year.

But the city’s iconic Hotel Sacher is determined not to let fans of its world-famous chocolate cake go hungry.

The hotel’s concierge, Uwe Kotzendorfer, is selling “Sacher Torte”, as the rich delicacy is known, on a drive-in stand just across the road from Vienna’s prestigious State Opera house.

“I do a bit of everything now,” says Kotzendorfer, standing next to a small two-wheel cart stacked high with cakes, as he hands an imperial red bag containing one of them to a customer driving past in his BMW.

“I thought it was a fantastic idea,” says another customer, Claudia Bednar.

“Because we can no longer travel, I am going to send one to my aunt in Germany for her 65th wedding anniversary,” she explains, then pays for the cake, which typically costs between 50 and 60 euros ($60 to $71), with her credit card.

The vast majority of the Sacher’s staff are now on government-subsidised furlough.

And the rooms and dining halls in the six neoclassical buildings — decorated with autographed images of previous guests such as Britain’s Prince Charles, Franco-German film star Romy Schneider and US opera singer Jessye Norman — are deserted.

Nevertheless, the hotel insists on displaying fresh flower arrangements in honour of the five business travellers currently staying there.

For those parts of the hotel not currently occupied, the management is taking the opportunity to carry out some much-needed maintenance, and Kotzendorfer often guides workmen around the deserted swathes of the building.

– Past crises –

According to owner and managing director Matthias Winkler, the Sacher is the last five-star hotel in Vienna that is still in family hands.

The hotel has survived a number of existential crises in the past and during the global economic cri...

The hotel has survived a number of existential crises in the past and during the global economic crisis in 1934 event went bankrupt

ALEX HALADA, AFP

But it has survived a number of existential crises in the past and during the global economic crisis in 1934 event went bankrupt.

“We’ve gone through many trials since the creation of the brand and our family is still planning for the long term”, said Winkler, who took over the hotel from his mother-in-law in 2015.

The current virus-induced economic downturn is also taking a heavy toll.

International travellers typically account for more than 90 percent of the hotel’s annual 23,000 overnight stays, with rooms costing anything between 400 and 2,300 euros ($480-$2,700) per night in the low season.

However, with the virus lockdowns, that source of income has now been all but wiped out.

Sacher’s cakes, which are shipped and sold across the world, are helping keep the brand alive.

Although competition in the upscale hotel industry can be ruthless and international brands have larger financial resources, Winkler believes that being family-run is turning out to be an advantage during the pandemic.

“Here, decisions are made at a

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Elizabeth Taylor lived at this El Paso hotel

This article first appeared on Texas Highways. Click here to view the article in its original format.

The newest luxury property in El Paso is a 19-story hotel haunted by the ghosts of Hollywood gossip: The Plaza Hotel Pioneer Park, formerly The Hilton, was the home of Conrad “Nicky” Hilton and actress Elizabeth Taylor from May to October of 1950 during their brief marriage. “She divorced him,” the hotel’s events manager Shanon Woodruff says. “He was a little bit of an alcoholic and a little bit rough.”

The original hotel opened in 1930, boasting 300 rooms and a serious case of bad timing—the Great Depression had just begun. Against all odds, The Hilton thrived.

Because history often repeats itself, this year’s reopening after a 29-year closure coincided with the arrival of COVID-19. Following El Paso businessman Paul Foster’s $78 million renovation, Plaza Hotel Pioneer Park reopened its doors in June. Ranging from $259 to $509 a night, the 130 rooms and suites offer gorgeous views of the city, the Franklin Mountains, and Mexico just past the border, as well as charming amenities, including Le Labo products in the marble bathrooms and Matouk robes and slippers. Because Nicky Hilton’s first advertisement for the hotel promised a radio in every room, that amenity remains as an historical homage.

The hotel retains traces of 1930, like stained-glass chandeliers, tile flooring, the letter box guests once used to send postcards, and elevator doors engraved with the original Hilton crest. Juxtaposed with those old-timey touches, the property’s “Pueblo Revival Art Deco” designs blend Mexican, Indigenous, and cowboy cultures with an art-deco twist—intricate glasswork, hand-woven throw rugs, rich leather. “We have a lot of leather,” Woodruff says, showing me a stylish cowhide rug in the lobby. “It’s a nod to El Paso’s cattle industry. Leather is what kept the hotel going during the Great Depression and saved the Hilton empire.”

The restoration of the hotel is part of a recent El Paso movement to revitalize downtown. The area features fascinating Mexican-American history, sprawling street murals, and impressive restaurants, including Plaza Hotel Pioneer Park’s neighbor, four-time James Beard Award nominee Café Central.

But hotel guests need not leave the property to have an incredible dining experience: The on-site restaurant Ámbar dazzles with its 700-bottle collection of agave spirits, including Patron en Lalique, a tequila in a crystal bottle that goes for $1,750 a shot. One stand-out on the contemporary Mexican menu is tuna marinated in coconut milk, habanero, lemongrass, and citrus.

After dinner, the 17th-floor bar La Perla, named after La Peregrina, one of the world’s most famous pearls, is the perfect spot for a nightcap. (La Peregrina once belonged to Elizabeth Taylor, and when she died, it sold at auction for 11 million dollars.) Sip a mezcal cocktail on one of three terraces and enjoy twinkling views of Mexico, New Mexico, and El Paso, including the 459-lightbulb star that glows after dark on the Franklin Mountains. While enjoying the warm night air, you can pretend to

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Global Hotel Revenue Management System Market 2020 Industry Trends, Share, Opportunities, Market Research Analysis and Forecast-2026

(MENAFN – iCrowdNewsWire) Global Hotel Revenue Management System Market 2020 Industry Trends, Share, Opportunities, Market Research Analysis and Forecast-2026

iCrowdNewswire   Nov 27, 2020  1:45 AM ET

WiseGuyRerports.com Presents ‘ Covid-19 Impact on Global Hotel Revenue Management System Market Size, Status and Forecast 2020-2026 New Document to its Studies Database

Hotel Revenue Management System Market Overview

The global Hotel Revenue Management System market has a lot to offer for diverse industries to help them deal with their business operations well. Many sectors have already adapted these services and products provided by the global Hotel Revenue Management System market for enhancing their business operations. The key players who are handling the significant aspects of the global Hotel Revenue Management System market are implementing new progressive measures to make sure that there are more consumers showing interest in implementing these products. The key players manage the manufacturing, promoting and selling of the products to all the industries who seek for it. As a result, the collective effort of all the key players helps put the market on a thriving stage.

Get a Free Sample Report @ [To enable links contact MENAFN]

Major Market Key Players

RevControl
AxisRooms
IDeaS(SAS)
Infor
RevPar Guru
Maxim RMS
Cloudbeds
JDA Software
RoomPriceGenie
RateBoard
Profit Intelligence
LodgIQ
Hotel Scienz
Climber Hotel
BeOnPrice
Atomize
Hotelpartner

Market Dynamics

The report helps the people identify the growth potential of the global Hotel Revenue Management System market, even under rapid fluctuations. It intends to highlight the survival tactics of the global market during the crisis periods. It also highlights the ability of the key players to deal with all situations to meet the demands of the clients on priority. They intend to speed up the manufacturing process for keeping the stocks ready for the upcoming demand requests. The market size of the global Hotel Revenue Management System market in the previous forecast period was considerably high. But as the demands increased, the market size is predicted to be higher in the current forecast period 2020 to 2026.

Hotel Revenue Management System Market Regional Analysis

Based on the regional analysis, the global Hotel Revenue Management System market is spread across various parts of the globe. The demand for the products is highly entertained in all regions of the world where the market potential is high. Some of the common areas where the demand and revenue were recorded to be the highest in the previous period are North America, South America, Europe and Asia-Pacific. As the demands are high, these regions are expected to generate even more money in the present period.

Hotel Revenue Management System Market Segment by Type

Cloud Based
On-Premises

Hotel Revenue Management System Market Segment by Application

Luxury & High-End Hotels
Mid-Range Hotels & Business Hotels
Resorts Hotels
Boutique Hotels
Others

Hotel Revenue Management System market regional and country-level analysis

North America
Europe
China
Japan
Southeast Asia
India
Central & South America

Make Report [email protected] [To enable links contact MENAFN]

Table Of Content:

1 Report Overview

2 Global Growth Trends

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Rape suspect who ‘attacked a woman in a London hotel’ is bailed to live in a migrant camp

A channel migrant has been arrested on suspicion of raping a woman weeks after arriving in Britain aboard a small boat.

The alleged sex attack took place at a hotel in London where the man was living at taxpayers’ expense.

The suspect, who is said to be from Sudan, was arrested by police on November 8 and later released on bail.

A channel migrant has been arrested on suspicion of raping a woman weeks after arriving in Britain aboard a small boat (pictured: Migrants arriving at Napier Barracks)

A channel migrant has been arrested on suspicion of raping a woman weeks after arriving in Britain aboard a small boat (pictured: Migrants arriving at Napier Barracks) 

After his release, he was sent to live at the former Napier Barracks near Folkestone, Kent, which has been converted to accommodate hundreds of asylum seekers.

In a separate incident, another migrant housed at the barracks has been arrested for alleged sexual harassment of a female charity worker.

The 30-year-old was arrested this week over claims that he sent explicit messages and images to the victim. 

He has been allowed out on bail and is still living at the camp.

A source at the former Army base said it ‘beggared belief’ that the two migrants were there on bail.

After his release, he was sent to live at the former Napier Barracks near Folkestone, Kent, (pictured) which has been converted to accommodate hundreds of asylum seekers

After his release, he was sent to live at the former Napier Barracks near Folkestone, Kent, (pictured) which has been converted to accommodate hundreds of asylum seekers 

The source added: ‘The Sudanese man has entered the country illegally and now been accused of an incredibly serious crime.

‘He should be in custody until the matter is resolved. Instead he’s living in quite a comfortable base where people can come and go, just by signing in and out.’

The source said of the sexual harassment allegation: ‘Everyone is really shocked that he was apparently targeting a charity worker. But again, he has been sent back rather than being held, which seems very risky.

‘There is nothing to stop these two making a run for it and never being found.’

The accusations will reignite concerns that migrants are able to enter the UK without border officials being able to make adequate checks on their criminal records. 

Many migrants are told by people traffickers to lie about their names, nationalities and ages to increase the chances of making a successful asylum claim.

The accusations will reignite concerns that migrants are able to enter the UK without border officials being able to make adequate checks on their criminal records (pictured: Border Force bringing migrants to shore)

The accusations will reignite concerns that migrants are able to enter the UK without border officials being able to make adequate checks on their criminal records (pictured: Border Force bringing migrants to shore) 

Last week MPs were told that some migrants have mutilated themselves to disguise their fingerprints, so they cannot be cross-referenced on a European Union biometrics database that logs previous asylum claims in other countries.

A protest broke out at the base last week with detainees chanting ‘freedom’ and complaining about cramped conditions.

Rooms at the centre are fitted with flat-screen TVs and an on-site canteen serves up three meals a day. Computer game consoles are available to migrants and they also have access to a gym.

It is understood migrants are given pay-as-you-go mobiles, loaded with free credit, as well as

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Kelly says he felt ‘counted out’ after beef

CLOSE

Tory Lanez addresses rapper Megan Thee Stallion on a surprise album. Also out, new Machine Gun Kelly and Carrie Underwood’s first Christmas album.

USA TODAY

Machine Gun Kelly is reflecting on his feud with Eminem. 

The “Bloody Valentine” singer opened up in Interview Magazine about feeling misunderstood prior to the release of his 2020 album “Tickets to my Downfall.” Speaking with Dave Franco in an interview published Friday, Kelly explained that although he was proud of his 2019 album “Hotel Diablo,” he attributes its lack of critical praise to the “infamous beef” with Eminem. 

“As a hip-hop album, (“Diablo” is) flawless front to back, and also a hint at the evolution of how I went into a pop-punk album. But it was coming off the tail-end of that infamous beef (with Eminem). So no one wanted to give it the time of day,” Kelly said.

‘Put us on a track’: Machine Gun Kelly suggests an end to his Eminem feud

Music: Why Eminem and Machine Gun Kelly’s rap beef is uniquely terrible

“It’s like if you make a (expletive) movie and then you come out with a great movie right after, but people want to focus on the fact that they hated whatever you just did. What I did in the beef was exactly what it should be, but that project wasn’t welcomed.”

Despite these past feelings of being misjudged, Kelly attributes his resulting indifference to critics for the success of “Tickets to my Downfall.”

“The next album came from already feeling like I’d counted out, so I didn’t even care what the public was going to think. That’s why the project was ironically my best received one, because it was the most effortless, with the least outside influence.” 

MGK: Machine Gun Kelly pivots to pop-punk on ‘Tickets to My Downfall’

The origins of the feud are in a 2012 tweet. Kelly made comments about Eminem’s daughter, Hailie, and called her “hot as (expletive).” The “Lose Yourself” rapper responded in September 2018 with a diss song, “Not Alive,” and Kelly followed with his own, “Rap Devil”  which Eminem countered with “Killshot.”

During the 2020 American Music Awards, Kelly performed “my ex’s best friend” and “Bloody Valentine” from this latest album. His girlfriend, Megan Fox, introduced Kelly’s performance, saying, “Once in a lifetime, magic can happen.” She added that the world has been under “the spell” of Kelly since his music debut in 2012.

Kelly made their relationship official with a black-and-white selfie Instagram post in August. The duo were sticking out their tongues.

“waited for eternity to find you again…” Kelly wrote, adding knife and heart emojis.

The couple starred together in Kelly’s music video “Bloody Valentine.” Fox has referred to Kelly as her “twin flame.”

MGK, Megan Fox: make red carpet debut at 2020 American Music Awards: ‘Magic can happen’

Machine Gun Kelly and Eminem rap beef: Twitter reacts to ‘Rap Devil,’ ‘Not Alike’

Contributing: Bryan Alexander

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AHF: Skid Row’s King Edward Hotel Earns City’s Historic Designation

In 2018, the 1906-era Beaux Arts hotel on Skid Row was repurposed by AHF and the Healthy Housing Foundation for use as housing for the homeless and extremely-low-income individuals

Los Angeles City Council grants Historic-Cultural Monument status to the hotel and its King Eddy Saloon, a bar and former speakeasy in continuous operation since the 1930s

The Los Angeles City Council has designated the King Edward Hotel, a 1906-era Beaux Arts hotel, and its King Eddy Saloon, a bar and former speakeasy in continuous operation since the 1930s, status as the newest Los Angeles Historic-Cultural Monument.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201127005607/en/

The 1906-era King Edward Hotel on L.A.'s Skid Row was repurposed by AHF and its Healthy Housing Foundation for use as housing for the homeless and extremely-low-income individuals. (Graphic: Business Wire)

The 1906-era King Edward Hotel on L.A.’s Skid Row was repurposed by AHF and its Healthy Housing Foundation for use as housing for the homeless and extremely-low-income individuals. (Graphic: Business Wire)

The 150-room hotel, located on the edge of L.A.’s Skid Row, was purchased, refurbished and repurposed by AHF and the Healthy Housing Foundation in 2018 for use as housing for the homeless and extremely-low-income individuals.

“While I am extremely pleased that our City Council designated the King Edward Hotel an official Historic-Cultural Monument—a well-deserved recognition for this beautiful 1906 Beaux Arts hotel located in the heart of Skid Row—I believe what really makes this property historic is its new life repurposed as housing for formerly homeless and extremely-low-income individuals,” said Hon. Kevin de Léon, Los Angeles City Council Member for District 14. “I’ve always said our approach to reducing homelessness must be all hands on deck, so AHF and the Healthy Housing Foundation are to be commended for their innovative and cost-effective approach to address our growing homeless situation via the adaptive reuse of many old hotels and motels like the King Edward, an approach I believe the city and other organizations should get behind.”

The historic designation came via City Council’s adoption of a motion passed on consent calendar at Wednesday’s council meeting (Agenda Item #29—Council File item #20-0736).

According to documents submitted in support of the designation, the Cultural Heritage Commission, in a June 11, 2020 letter and memo to the city’s Planning and Land Use Management Committee (PLUM), recommended that PLUM urge the City Council consider the King Edward Hotel for inclusion in the list of Historic-Cultural Monuments. The Heritage Commission had previously voted unanimously (on May 5, 2020) to recommend Historic-Cultural Monument status. The Cultural Heritage Commission noted:

“The King Edward Hotel meets two of the Historic-Cultural Monument criteria: it “exemplifies significant contributions to the broad cultural, economic or social history of the nation, state, city or community” for its association with the early 20th century development of hotels in Downtown Los Angeles, and as the home of the King Eddy Saloon, a business important to the commercial identity of Downtown Los Angeles that has continuously operated at the property since the 1930s; and it “embodies the distinctive characteristics of a style, type, period, or method of construction” and “represents a notable work of a master designer,

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AHF: Skid Row’s King Edward Hotel Earns City’s Historic Designation

AHF: Skid Row’s King Edward Hotel Earns City’s Historic Designation

In 2018, the 1906-era Beaux Arts hotel on Skid Row was repurposed by AHF and the Healthy Housing Foundation for use as housing for the homeless and extremely-low-income individuals

Los Angeles City Council grants Historic-Cultural Monument status to the hotel and its King Eddy Saloon, a bar and former speakeasy in continuous operation since the 1930s

The Los Angeles City Council has designated the King Edward Hotel, a 1906-era Beaux Arts hotel, and its King Eddy Saloon, a bar and former speakeasy in continuous operation since the 1930s, status as the newest Los Angeles Historic-Cultural Monument.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201127005607/en/

The 1906-era King Edward Hotel on L.A.’s Skid Row was repurposed by AHF and its Healthy Housing Foundation for use as housing for the homeless and extremely-low-income individuals. (Graphic: Business Wire)

The 150-room hotel, located on the edge of L.A.’s Skid Row, was purchased, refurbished and repurposed by AHF and the Healthy Housing Foundation in 2018 for use as housing for the homeless and extremely-low-income individuals.

“While I am extremely pleased that our City Council designated the King Edward Hotel an official Historic-Cultural Monument—a well-deserved recognition for this beautiful 1906 Beaux Arts hotel located in the heart of Skid Row—I believe what really makes this property historic is its new life repurposed as housing for formerly homeless and extremely-low-income individuals,” said Hon. Kevin de Léon, Los Angeles City Council Member for District 14. “I’ve always said our approach to reducing homelessness must be all hands on deck, so AHF and the Healthy Housing Foundation are to be commended for their innovative and cost-effective approach to address our growing homeless situation via the adaptive reuse of many old hotels and motels like the King Edward, an approach I believe the city and other organizations should get behind.”

The historic designation came via City Council’s adoption of a motion passed on consent calendar at Wednesday’s council meeting (Agenda Item #29—Council File item #20-0736).

According to documents submitted in support of the designation, the Cultural Heritage Commission, in a June 11, 2020 letter and memo to the city’s Planning and Land Use Management Committee (PLUM), recommended that PLUM urge the City Council consider the King Edward Hotel for inclusion in the list of Historic-Cultural Monuments. The Heritage Commission had previously voted unanimously (on May 5, 2020) to recommend Historic-Cultural Monument status. The Cultural Heritage Commission noted:

“The King Edward Hotel meets two of the Historic-Cultural Monument criteria: it “exemplifies significant contributions to the broad cultural, economic or social history of the nation, state, city or community” for its association with the early 20th century development of hotels in Downtown Los Angeles, and as the home of the King Eddy Saloon, a business important to the commercial identity of Downtown Los Angeles that has continuously operated at the property since the 1930s; and it “embodies the distinctive characteristics of a style, type, period, or method of

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AHF: Skid Row’s King Edward Hotel Earns City’s Historic Designation – Press Release

LOS ANGELES–(Business Wire)–The Los Angeles City Council has designated the King Edward Hotel, a 1906-era Beaux Arts hotel, and its King Eddy Saloon, a bar and former speakeasy in continuous operation since the 1930s, status as the newest Los Angeles Historic-Cultural Monument.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201127005607/en/

The 1906-era King Edward Hotel on L.A.'s Skid Row was repurposed by AHF and its Healthy Housing Foundation for use as housing for the homeless and extremely-low-income individuals. (Graphic: Business Wire)

The 1906-era King Edward Hotel on L.A.’s Skid Row was repurposed by AHF and its Healthy Housing Foundation for use as housing for the homeless and extremely-low-income individuals. (Graphic: Business Wire)

The 150-room hotel, located on the edge of L.A.’s Skid Row, was purchased, refurbished and repurposed by AHF and the Healthy Housing Foundation in 2018 for use as housing for the homeless and extremely-low-income individuals.

“While I am extremely pleased that our City Council designated the King Edward Hotel an official Historic-Cultural Monument—a well-deserved recognition for this beautiful 1906 Beaux Arts hotel located in the heart of Skid Row—I believe what really makes this property historic is its new life repurposed as housing for formerly homeless and extremely-low-income individuals,” said Hon. Kevin de Léon, Los Angeles City Council Member for District 14. “I’ve always said our approach to reducing homelessness must be all hands on deck, so AHF and the Healthy Housing Foundation are to be commended for their innovative and cost-effective approach to address our growing homeless situation via the adaptive reuse of many old hotels and motels like the King Edward, an approach I believe the city and other organizations should get behind.”

The historic designation came via City Council’s adoption of a motion passed on consent calendar at Wednesday’s council meeting (Agenda Item #29—Council File item #20-0736).

According to documents submitted in support of the designation, the Cultural Heritage Commission, in a June 11, 2020 letter and memo to the city’s Planning and Land Use Management Committee (PLUM), recommended that PLUM urge the City Council consider the King Edward Hotel for inclusion in the list of Historic-Cultural Monuments. The Heritage Commission had previously voted unanimously (on May 5, 2020) to recommend Historic-Cultural Monument status. The Cultural Heritage Commission noted:

“The King Edward Hotel meets two of the Historic-Cultural Monument criteria: it “exemplifies significant contributions to the broad cultural, economic or social history of the nation, state, city or community” for its association with the early 20th century development of hotels in Downtown Los Angeles, and as the home of the King Eddy Saloon, a business important to the commercial identity of Downtown Los Angeles that has continuously operated at the property since the 1930s; and it “embodies the distinctive characteristics of a style, type, period, or method of construction” and “represents a notable work of a master designer, builder, or architect whose individual genius influenced his or her age” as an excellent example of a commercial building in the Beaux Arts architectural style, and a significant work of master architect John Parkinson.”

“I’m thrilled that the city has recognized John Parkinson’s King Edward Hotel as a protected cultural landmark. The hotel is

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