Los Angeles Times
With Retractable Pool and Tao Restaurant, Flashy Dream Hotel Anchors New Hollywood Revival
By Roger Vincent
From top to bottom, the futuristic-looking Dream Hotel tries hard to live up to its name.
The centerpiece of a $110-million hospitality complex, it features a front lobby and bar that will open entirely onto the street — providing a new way to enjoy an indoor-outdoor experience in Southern California…
…The development is part of an overall hotel construction surge in the state, according to consulting firm Atlas Hospitality Group.
There were 130 hotels with a combined 18,271 rooms under construction at the end of June, a 17% increase over the same period last year, Atlas said. Los Angeles County leads the way with 4,585 rooms.
But for all the demand, getting the Dream Hotel to market wasn’t easy. The developers secured city approvals in 2008, but then the financial crisis hit…