Luxury Hotels Aim to Turn Downtown L.A. Into Times Square West | bloomberg.com

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.