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Just in Time

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If you've been wondering why so many big LA-area hotels (W Hollywood, Ritz-Carlton/Marriott), are opening right now, the Times explains: "Planning a new hotel can take two to four years and construction another one to four years. Most of the hotels getting ready to open were on the drawing boards several years ago, when the economy was healthy, demand for rooms was strong and room rates were rising quickly." [NYT]