RBC joins the global ranks of banks deemed too big to fail

TORONTO — The Royal Bank of Canada is the first Canadian lender to be added to the Financial Stability Board’s list of global systemically important banks, which are deemed too big to fail.The FSB, which co-ordinates the work of national financial authorities and international standard-setting bodies, added RBC as it removed French bank Groupe BPCE, keeping the total number of institutions on the list at 30.“This designation reflects the size and scale of RBC’s global operations,” RBC said in a statement Tuesday.Banks that receive this global systematically important banks (G-SIBs) designation face increased regulatory expectations designed to reduce the likelihood of a failure, and the ripple effects on the global economy. That includes a higher capital buffer and higher supervisory expectations.RBC joining global tech giants in setting up lab in AI-friendly MontrealWhere are Canadian stocks headed? RBC’s bear takes on BMO’s bull in 2018 market standoffRBC, which is Canada’s largest bank by market capitalization, says it was ranked in the lowest G-SIB capital surcharge bucket and that it already meets the requirement of a one per cent capital buffer. The bank “does not expect any impact to its capital position with this designation,” RBC added.The Office of the Superintendent of Financial Institutions said in a statement Tuesday that RBC is already subject to its framework for domestically systematically important banks (D-SIBs), and “therefore is well positioned to meet the G-SIB requirements starting in January 2019.”Canada’s banking regulator in 2013 named the country’s six largest banks, including RBC, as D-SIBs. In turn, the banks were subject to additional requirements such as a capital surcharge, enhanced supervision, and increased disclosure, which OSFI says is generally consistent with the G-SIB requirements.There are five G-SIB capital surcharge buckets, and RBC is one of 17 financial institutions required to hold an additional one per cent of common equity as a percentage of risk-weighted assets, on top of the requirements outlined by the Basel Committee on Banking Supervision. Eight banks including Goldman Sachs are subject to a 1.5 per cent buffer, and four banks including HSBC must hold 2 per cent. Only JP Morgan Chase must hold a 2.5 per cent buffer, and no bank is in the highest bucket with a 3.5 per cent requirement.Over the years, there has been “rampant speculation” that RBC would be included in this list and this “should not come as a big surprise to markets,” said Cormark Securities analyst Meny Grauman in a note to clients.“The question is what does that mean for investors, and in our view the likely answer is not much…. the G-SIB buffer will not be additive to its D-SIB buffer, but rather is already included.”CIBC World Markets analyst Robert Sedran said RBC’s possible inclusion had often been discussed at the time of FSB’s annual update “as the combination of currency translation and business growth made it a close call each time the list was released.”“It is not a stretch to suggest this bank has always been systemically important to the global financial system (at least a little),” Sedran said in a note to clients.“More important to us is the fact that management (in its language), the Board (as evidenced by the buyback activity) and the regulator (with its formal pronouncements) are comfortable that the domestic buffer can absorb the first level of the required global buffer and that the capital position is strong.”Sedran added that the lasting impact of the announcement on shares should be limited.Shares of RBC were flat in morning trading, at $101.22 in Toronto.FSB Level 1 (lowest tier) banksAgricultural Bank of China Bank of New York Mellon Credit Suisse Groupe Crédit Agricole ING Bank Mizuho FG Morgan Stanley Nordea Royal Bank of Canada Royal Bank of Scotland Santander Société Générale Standard Chartered State Street Sumitomo Mitsui FG UBS Unicredit Group read more

Students will be emailed about Ontariowide sexual violence survey

Later this month, students at Brock and all Ontario publicly-funded universities and colleges will be asked to participate in a massive online survey about sexual violence or harassment.On Monday, Feb. 26, some 650,000 full-time students in 44 post-secondary institutions will receive emails containing a link to the Student Voices on Sexual Violence survey that is meant to provide a clearer sense of the prevalence of sexual violence in the province.This “climate survey” is a government initiative and part of new Ontario legislation that also requires universities and colleges to report on student experiences involving sexual violence. The anonymous survey will inquire about sexual violence supports, services and reporting processes at campuses, as well as perceptions of consent and the experiences of survivors of sexual violence.Respondents have until March 26 to log in and complete the survey. The government has hired an independent consultant, CCI Research, to conduct the province-wide poll, which will take about 20 minutes to complete. Participants will receive a $5 gift card from the government, not as payment but as a gesture of appreciation for the time spent contributing to the research.Anna Lathrop, Brock’s Vice-Provost for Teaching, Learning and Student Success, said the University has worked with the Human Rights and Equity (HRE) office, the Graduate Students’ Association (GSA) and the Brock University Students’ Union (BUSU) in order to encourage all students who receive the survey to respond.“We are encouraging students who receive the survey to take part, in order to better understand the problem of sexual violence and thereby provide more effective campus response and support,” said Lathrop.Persons not comfortable doing the survey in an isolated setting will be able to visit a “support room” on campus, where they can participate in the company of colleagues or counsellors, while still having their privacy protected.These facilities were organized by the GSA and BUSU working with the University’s office of Human Rights and Equity. There will be two support venues available each week during the month-long survey period:Tuesdays (Feb. 27, March 6, March 13 and March 20) from 2:30 to 4:30 p.m. in Mackenzie Chown D302, the Graduate Students meeting spaceWednesdays (Feb. 28, March 7, March 14 and March 21) from 10 a.m. to noon in the Community Meeting Place, R208 in Decew ResidenceBUSU President Faisal Hejazi and GSA President Shannon Kitchings both joined Lathrop in encouraging participation.Data collected in the survey will be compiled into a provincial report that will seek to identify any gaps in services and reporting processes, while highlighting supports and reporting components that are found to be successful.“Having information on how students have perceived a process of reporting sexual violence will help with our revisions of the Sexual Assault and Harassment Policy,” said Allison Cadwallader, Brock’s Sexual Violence Support and Education Co-ordinator.“Based on its anonymous nature, the survey will provide us with important information that may not otherwise be received during consultations with students. It will also help us understand where to better focus our resources and efforts.” read more

How Unexpected Was Clevelands Shellacking Of Cincinnati

Before Thursday night’s game between the Cincinnati Bengals and Cleveland Browns, our Elo ratings predicted a 77 percent probability of a Bengals win. Cincinnati had the higher Elo rating before the game, 1568 to 1420, and it was playing at home, both of which fed a pregame point spread of -8.5 points in the Bengals’ favor.Instead, the Browns dominated, winning 24-3 (and forcing Bengals quarterback Andy Dalton into one of the worst passing games ever). How unexpected is it for a team favored by 8.5 to lose by 21 points? And what does it say about the confidence we should have in these types of point-margin predictions — whether generated by Elo or otherwise?Nearly three decades ago, statistician Hal Stern found that, for NFL games, “the margin of victory over the pointspread (number of points scored by the favorite minus the number of points scored by the underdog minus the pointspread) is not significantly different from the normal distribution” with a mean of zero and a standard deviation of 13.86 points. In other words, the likelihood of the actual margin in any given game can be described by a bell-shaped probability distribution centered on the pregame spread (in Stern’s case, the Vegas line).Stern’s original research had only tested results from the 1981, 1983 and 1984 NFL seasons. But using Vegas spread data from 1978 to 2012, I replicated Stern’s work and confirmed his findings — the final margin of victory in an NFL game can be approximated by a normal random variable with a mean of the Vegas line and a standard deviation somewhere between 13 and 14 (for the entire 35-season sample, that standard deviation was 13.45).We can also see this effect if we plot a histogram of the prediction errors between the actual scoring margins of games and those predicted by the pregame Elo ratings:In the case of Elo, the normal distribution predicting a game’s final margin of victory is centered around the difference between the two teams’ Elo ratings divided by 25 (adding or subtracting 2.6 points if the team is at home or on the road), with a standard deviation of 13.65 points. That means the likelihood of last night’s score was about 1.5 percent, based on the pregame ratings and the location of the game.But Thursday night’s outcome wasn’t the most unexpected of the season thus far. When the Atlanta Falcons faced the Tampa Bay Buccaneers on Sept. 18, they were favored by 5 points; there was only a 0.3 percent chance they would decimate the Bucs by 42 points, which is what ended up happening. Likewise, there was only a 0.3 percent probability that the Miami Dolphins would win by 37 as one-point underdogs against the San Diego Chargers last week.Here are the most unexpected results of the 2014 season to date:It bears mentioning that the normal distribution model is an approximation, and approximations can break down at the extremes. If we toss all NFL games since 1978 into buckets based on the probability of exceeding the actual point margin and compare those buckets to the expected frequencies, we can see where the model is over- or under-estimating the likelihood of a given outcome:If the model is properly calibrated, each bucket should contain exactly 5 percent of all games. And that’s basically the case, but there are small deviations. For example, the model predicts slightly more games than it should in the top and bottom 5 percent buckets, fewer than it should in the 10 to 25 percent and 75 to 90 percent likelihood zones, and more than it should in the buckets between 40 and 60 percent. read more

GPs leaders hit back at Theresa May in row over extended opening

first_imgThe row over growing pressure on the NHS has intensified after GPs’ leaders refused to take the blame for the growing strain being placed by patients on A&E services.Theresa May warned GPs’ surgeries they would face funding cuts if they did not meet the Government’s pledge for them to open from 8am to 8pm seven days a week.A new set of figures appears to back up Mrs May’s call for family doctors to meet growing demand for care after they showed that the surge in patients attending hospital A&E departments is not caused by elderly patients, but by working age people with “nowhere else to.”The figures revealed that just one fifth of patients attending A&E last year were over 65. NHS data shows that among all ages there were 185,017 patients who waited at least 12 hours on trolley and chairs in 2015-16 – a rise from 87,213 cases two years before. The steepest rise came among older patients.“This is another strong argument for investing more in our GP, community health and social care services as it would relieve the pressures on A and E by providing more healthcare options for all of us, closer to our homes,” said Ms Abrahams. Mr Dorrell added: “They fill up when the rest of the public services don’t work, when people cannot find a way of solving their problems except by going to A&E.”However, the charity Age UK maintained that it is the elderly who tend to suffer worst in jam-packed emergency departments, where cases of older patients languishing on trolleys for more than 12 hours have tripled in the last two years.The new figures reveal that last year 9.5 million people, roughly 50 per cent, received only guidance or advice or were simply sent home from A&E, rather than needing treatment. Health chiefs also admitted they were considering drafting in doctors from India to deal with soaring patient demand.But the former health secretary Stephen Dorrell said part of the problem was the inefficient running of surgeries which forced family doctors into spending often a third of their time attending to non-medical administrative tasks.Mr Dorrell told The Telegraph: “GPs undoubtedly have a heavy workload, but why in God’s name are we using people in whom we have invested seven years’ training to do this kind of thing?” he said.He also said the new data showed it was wrong to blame pensioners for the crisis. Mr Dorrell, who chairs the NHS Confederation, the membership body for hospitals and care commissioners, told The Telegraph: “Older people are by no means the only factor. This evidence shows they are 20 per cent of the problem at most.”He said the majority of patients attending A&E were responsible people who “go because it’s the only place with the lights on”. The crisis in the NHS is very clearly caused by the fact that we have chronic underfundingDr Chaand Nagpaul The concern over inappropriate use of emergency departments has prompted scrutiny of the Government’s target to see all patients within four hours.On Monday, Health Secretary Jeremy Hunt briefly appeared to suggest the target could in future only be applied to attendees with acute conditions.NHS England data also showed that 9 per cent of all A&E patients are seen between three hours 50 minutes and four hours, indicating a scramble to stay within the target. However, Dr Chaand Nagpaul, chairman of the British Medical Association’s General Practitioners Committee, defended the efforts of family doctors.He said: “We don’t have enough GPs to provide a safe service at the moment. [Theresa May] knows that we’re several thousand GPs short, she knows in fact that more than eight in ten GPs cannot provide safe care. We’re trying to churn patients through our waiting rooms in ten-minute intervals, patients that need half an hour.”But the most important thing is the crisis in the NHS is very clearly caused by the fact that we have chronic underfunding. We have fewer doctors per head than the rest of Europe, we have fewer hospital beds than the rest of Europe.”We spend less, we’ve got fewer GPs, we see patients in general practice at shorter intervals than any other European country.”Dr Nagpaul also said that the thousands of new GPs set to join the NHS would not improve the situation, as many more are about to retire.He said: “One in three GPs will be retiring in the next five years. That will more than offset any increase in numbers that might enter. The crisis in the NHS won’t be solved by scapegoating or deflecting blame onto general practice.”Separate NHS data last week revealed almost half of hospital trusts declared one of the two highest states of alert in the first week of January. “Saying there’s not a crisis won’t do,” said Mr Dorrell. “The fact is that performance is getting worse year by year.”Caroline Abrahams, charity director at Age UK, said busy A&E departments posed a particular risk to old and frail patients.“Older people are not the primary users of A&E services, but we  know that those who do go there, whether under their own steam or taken in an ambulance, are more likely than other groups to be admitted,” she said.“This certainly lays to rest any suggestion that older people are using A&E for the wrong reasons and we know that many of them worry about burdening an already hard-pressed NHS and if anything tend to minimise their health problems and delay seeking help.” Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings.last_img read more

IHF Super Globe FlensburgAl Sadd BarcelonaEl Jaish in semifinals

al-saddBarcelonaEl JaishFlensburghandballIHFsuper globe ← Previous Story Radnicki KG brings Slobodan Ervacanin Next Story → SEHA week: Vardar win in Banja Luka – Draw in Serbian derby After the completion of the group stage, the semifinal pairs are now known. Al-Sadd and El-Jaish are to defend Qatari honour against the European giants. Al-Sadd will be playing against the reigning EHF Champions League winner Flensburg-Handewitt. In the other match, the reigning IHF Super Globe winner, Barcelona (beat HSV Hamburg in 2013) are to play against El-Jaish. The European teams are big favorites in this matches, but with the tournament in their home country, the Qatari teams stand a good chance for a surprise.The matches are scheduled for the 11th of September, at 18:00 and 20:15 local time. read more

Mirsad Terzic dissapointed with Swiss reaction How they can complain after we

Bosnia and Herzegovina stayed without WCh 2019 Play-Off place after decision of EHF to punish domestic team in “case Nuic” which put Switzerland ahead with 0:10 win in Tuzla, after well deserved defeat. Dissapointment with decision of EHF, coach Bilal Suman, expressed with words against Slovenian delegate Darko Repensek and EHF live-ticker match list on which is clear that left wing Tomislav Nuic was registered for the match from Bosnian side. One of those who are also deeply dissapointed is team’s captain, Telekom Veszprem member, Mirsad Terzic:As an athlete, I don’t understand Swiss, how they don’t have ethical problem to complain after they lost two matches against better team? We beat them in all segments of handball game. I am more than dissapointed with their decision to put official objection, but also with EHF decision – said Terzic for national newspaper – Oslobodjenje. ← Previous Story Rhein Neckar Lowen lose Gedeon Guardiola for the rest of the season! Next Story → Challenge Cup 17/18 1/4 finals: Turda against Fyllingen, AEK against Berchem read more

Doug Lasher retires after more than three decades as Clark County treasurer

first_imgDuring the last week of his last term as Clark County treasurer, the walls and shelves in Doug Lasher’s second-floor office had been mostly cleared off.Next to the window, overlooking a parking lot and Mill Plain Boulevard, remained frames containing his oath of office, as well as two tax warrants. The tax warrants are aging documents from 1930 and 1957, respectively, that functioned like checks for the treasurer’s office. For Lasher, they served as reminders of just how much the office has changed.Lasher, who became treasurer in 1984, oversaw an office responsible for collecting and processing the annual taxes and assessments for 148,000 billable parcels, while also managing funds for local school districts and overseeing banking functions of 42 taxing districts.While it’s a government function many residents would rather forget about, Lasher said he’s sought to move the treasurer’s office from relying on slow, tedious labor to more digitally streamlined and customer-oriented operations. Each time he came up for re-election during his 34 years in office, Lasher, a Democrat, recalled how there was always one more project he wanted to see through.“It takes more than just four years to do this job,” said Lasher, a bespectacled, soft-spoken and owlish 69-year-old with neatly combed hair. He speaks cheerily about taxes, computer systems, mortgages, state statutes and other dry facets of government.last_img read more

Ronaldo equals 60year old Juventus record

first_imgCristiano Ronaldo is already making his mark at Juventus after equalling a 60-year-old goalscoring club recordThe Portuguese striker may have had to wait until his fourth Serie A game against Sassuolo to find the net for Juventus, but the goals have since flowed in.Since that match-winning brace on September 16, Ronaldo has directly contributed towards eight goals for Juventus by either scoring them or assisting a teammate.Now AS reports that Ronaldo’s current goal tally of seven goals in his first 10 Serie A games has equalled John Charles’ 60-year-old record.The former Welsh forward, who played for Juventus between 1957 to 1962, managed seven goals in his first 10 league fixtures for the Old Lady.Romelu Lukaku, Serie A, Inter MilanCapello calls Lukaku “a modern striker” Manuel R. Medina – September 14, 2019 The former Italian manager believes Romelu Lukaku is perfectly suited for Antonio Conte’s Internazionale Milan in the Serie A.Charles finished his debut campaign at Turin with 28 goals for the 1957/58 season and won the Serie A title.Argentine strike duo Gonzalo Higuain and Carlos Tevez both struck six times in their opening 10 league games along with Italian Filippo Inzaghi.While Alessandro Del Piero, Zlatan Ibrahimovic and David Trezeguet both struck five times in 10 appearances.Now Ronaldo will undoubtedly have his eyes set on Genoa striker Krzysztof Piatek, who leads the Serie A scoring charts with nine goals.Juventus will host Cagliari on Saturday in their next league game with kick-off to begin at 20:30 (CEST).last_img read more

Solari says Club World Cup is still far ahead

first_imgThe Real Madrid manager says his team has to focus on the matches ahead instead of on the FIFA Club World CupThe FIFA Club World Cup starts on December 12.But for UEFA Champions League 2017-2018 champions Real Madrid, the tournament doesn’t start until December 19.On that date, Los Merengues will play against the winner of the Quarterfinals match between Japan’s Kashima Antlers and Mexico’s Club Deportivo Guadalajara.Sergio Ramos, Real MadridZidane reveals Sergio Ramos injury concern for Real Madrid Andrew Smyth – September 14, 2019 Zinedine Zidane has put Sergio Ramos’ availability for Real Madrid’s trip to Sevilla next weekend in doubt after withdrawing him against Levante.“There’s no time to think about it – we are not even sure who is in. The final of the Libertadores is being played here on Sunday,” Madrid’s manager Santiago Solari told The Daily Mail.“We are just looking at the next game, so we are still far away. There are many matches before that.”“There are three, two in LaLiga which are vital for us, and the other one comes in the Champions League,” he explained.“After that, we will have time to think about the Club World Cup. It’s a competition that I am passionate about, I think it’s brilliant.”last_img read more

6yearold raises money for other Doernbecher kids

first_imgCole’s Christmas Furry Friends Fund is collecting donations through Dec. 23. To donate, visit the YouCaring website.Cole Merle has always had a heart for service. But the kids the 6-year-old is choosing to help with his latest effort are a little closer to his heart.Cole’s Christmas Furry Friends Fund is raising money to purchase stuffed animals for “sick kids” at Doernbecher Children’s Hospital in Portland. Specifically, the children in Doernbecher’s 10 South, the inpatient oncology wing.Just last month, Cole was one of those sick kids on the 10th floor.During his frequent stays there, Cole found comfort in the furry friends given to every child who enters the hospital. Stinky the skunk and Scratchy the cat still sleep with Cole every night.“They’re some of his most cherished stuffed animals now,” said Cole’s mother, Ann Hackman.So now that he’s home, Cole wants to make sure kids at the hospital have plenty of cuddle buddies.“When you get toys you feel better,” Cole said. “Sometimes maybe they’ll feel like they’re at home for a little while.”Cole’s diagnosisCole was only 4 years old when doctors found a tumor the size of a football growing on his kidney.last_img read more

FBI joins search for missing Cheney girl 15

first_imgSEATTLE — The FBI has joined police in the search for a 15-year-old girl who went missing from her home in Cheney on Thanksgiving.The FBI says Jacquelynne Rose Doucette needs medication and may be in a mental state in which she could be easily manipulated.She has left home before for short periods but not this long, without contacting family members.Her family reported her missing Thanksgiving night after she failed to return home from looking for a lost cat. She was seen the next morning at Cheney Lanes bowling alley.Jacquelynne is white, 4-foot-8 and 98 pounds with brown hair and brown eyes. She was wearing a pink jacket with a white fur collar, blue jeans and pink tennis shoes with purple polka dots.last_img read more

Game of Thrones star Maisie Williams Daisie app available for creatives worldwide

first_img7:17 Culture Mobile Maisie Williams and Dom Santry are taking their project worldwide. Daisie A girl’s creative community is open to all creators on iOS and desktop. Daisie, an app-based community designed to help artists grow in their careers, is out of beta and launching worldwide. The app was created by Game of Thrones actress Maisie Williams and film producer Dom Santry.Williams teased the launch Wednesday morning on Twitter. Tags Game of Thrones Season 8 Episode 4: The good, the bad… Soon!!!🚀 https://t.co/PU9N4OZJzf— Maisie Williams (@Maisie_Williams) May 8, 2019 Share your voicecenter_img Post a comment 0 Now playing: Watch this: “We’ve made a number of decisions since founding Daisie two years ago that reflect our optimistic approach to what collaboration could look like in five years,” Santry said in a release. “I’m excited to see the amazing things our community make.”By visiting Daisie’s website, users can sign up and create a profile. The app lets creators network and connect with others in their fields, work collaboratively on projects, find inspiration and develop the best audience for their work.”With Daisie, creators of all types and backgrounds can take up space in their chosen field and build a lasting career,”  From those just getting started to industry leaders in film, photography, writing, design, art, digital, makeup and beyond, Daisie brings creators together and supports them to do amazing work.”Daisie released as a private beta in August 2018. Just 24 hours after its launch, 35,000 creators had signed up for early access. Game of Throneslast_img read more

When culture and creativity join hands

first_imgThe third edition of the bazaar which kickstarts on 26 October, is being organised by the NGO – Centre for Equity and Inclusion (CEQUIN), an initiative of social activist Sara Pilot and Lora Prabhu.Stocked with locally made craftworks for home furnishing, fashion accessories, clothes and festive gift items for the shoppers, and spiced up with mouth-watering cuisine from the undiscovered streets of Jamia for the foodies, the Jamia Bazaar is something more than just an ordinary fair. It has an emotion to describe, a tale to tell. Also Read – ‘Playing Jojo was emotionally exhausting’With a wide range of products, visitors can enjoy shopping for embroidered kurtis and salwars, shawls, bags, jewellery, high fashion ware, interesting items for kids, home furnishing, lamps, candles and lots more, completely handmade by women artisans and designers. The exhibition will showcase an interesting fusion of high end fashion with grassroots artisan skill sets – a celebration of traditional art, evolving fashion and women’s entrepreneurship. There will also be a gourmet trail featuring hot biryani, kebabs, achari chicken, kashmiri wazwan etc. A special feature will be the quintessential Flury’s Coffee Shop from Kolkata. Also Read – Leslie doing new comedy special with NetflixLive demos of adda work, crochet, resham embroidery will provide the visitors a unique experience to observe the skilled labour that goes into creating extraordinary works of fashion and art.Sara Pilot, Chairperson for these women living at the fringes of society, bringing to light their vastly neglected, but laudable talent and enterprise, thereby making a tremendous effort in uplifting the spirit of these women and the ghettoised communities of Jamia Nagar on the whole.’ The exhibition is being organised by women who are a part of CEQUIN’s Gender Resource CEQUIN on this venture, said, ’The bazaar opens a whole new world Centre in Jamia Nagar in partnership with other local NGOs including Muslim Women’s Welfare Organisation, IIWA, Roshni Craft Centre, Azra and several others.last_img read more

Record numbers of LA arrivals are finding plenty of new hotels

first_imgTags: Los Angeles LOS ANGELES —L.A. Tourism wants 50 million visitors by the year 2020 and it’s well on its way to that goal, with 48.3 million visitors in 2017 – a new tourism milestone for the seventh consecutive year.The 2017 record figure is 1 million visitors higher than 2016’s total, an increase of 2.2%, driven by an all-time high 41.2 million domestic visitors.International visitation overall grew 0.9% to a record 7.1 million visitors, outperforming both its projected forecast and inbound travel to the U.S. as a whole in 2017.International markets recording significant gains for Los Angeles in 2017 included Canada with its highest visitor total ever at 747,000, a 5.5% year-over-year increase).L.A. Tourism recently launched ‘L.A.’ Insider’, a new specialist training program now available as an online training tool that’s both mobile and tablet-friendly. The specialist program is the first of its kind for L.A. Tourism and is designed to help Canadian and U.S. travel trade better sell the city.There’s plenty of hotel news coming out of L.A., with recent openings in 2017 and more new hotels to come in 2018. Here’s a look at the newest offerings:CAMBRiA LAX (Beach Cities) – Choice Hotels International’s upscale CAMBRiA badge has entered the Los Angeles area with the opening of The CAMBRiA Hotel Los Angeles – LAX. The hotel has 152 rooms and a bistro called Social Circle. The hotel is located about three kilometres south of Los Angeles International Airport.cambriahotelsandsuites.comDream Hollywood Hotel (Hollywood) – The West Coast’s first Dream Hotel has debuted in the heart of Hollywood, at Selma Ave. and Cahuenga Blvd. Designed by the award-winning Rockwell Group, the 10-storey boutique Dream Hollywood Hotel features 179 hyper-chic rooms, unique-to-market dining experiences and an 11,000-square-foot rooftop lounge area.dreamhotels.comKimpton Everly Hotel (Hollywood) – Opened in August 2017, Kimpton Everly Hotel features 216 rooms, relaxed communal spaces and effortlessly cool design. With its light-filled interiors, thoughtfully designed for comfort and ease, Kimpton Everly Hotel is a true celebration of its Beachwood Canyon neighborhood and the laidback California lifestyle. The hotel is steps away from the iconic intersection of Hollywood and Vine with unbeatable panoramic views of the nearby Hollywood Sign, Downtown Los Angeles skyline and the Pacific Coast.everlyhotelhollywood.comFreehand Los Angeles (Downtown) – Sydell Group introduced the Freehand Los Angeles after transforming the 1924 Commercial Exchange Building in Downtown L.A.’s Historic Core. The 13-storey building boasts 226 rooms, ranging from traditional accommodations to high-design hostels (or ‘poshtels’) with up to eight beds. The hotel also features a lobby living room, retail, restaurant and bar offerings in addition to a rooftop pool and lounge.thefreehand.comH Hotel/Homewood Suites (LAX) – A dual-branded property under Hilton’s Curio Collection and Homewood Suites badges opened in September 2017 at the site of a former office building near LAX. The H Hotel, L.A.’s first hotel within the Curio Collection, has 168 rooms and boasts an elevated deck and fitness center with nearly 360 degree views of the Pacific Ocean, Downtown Los Angeles and Hollywood. The Homewood Suites Los Angeles International Airport has 122 rooms.Hotel Figueroa (Downtown) – Hotel Figueroa is sporting a recent renovation that transformed its Moroccan décor to a new contemporary aesthetic with a touch of Spanish flare. Hotel Figueroa has expanded bathrooms, 57 new suites, a second restaurant, a fourth bar and a garden on the roof. New windows have been installed in rooms to help block out the noise from Figueroa Street. hotelfigueroa.comHotel Indigo Downtown Los Angeles (Downtown) – InterContinental Hotels Group debuted Hotel Indigo Downtown Los Angeles, a hip 350-room hotel in 2017. The 18-storey Hotel Indigo is the flagship hotel at Metropolis, a US$1 billion mixed-use development, which will feature three residential towers, curated retail experience and a rooftop bar. The property is at the heart of downtown L.A., linking the Financial District to L.A. LIVE. Design for the hotel is inspired by its surrounding neighborhood and focuses on prominent narratives from Downtown’s past including Fiesta De Las Flores, the glamorous pre-Hollywood nightlife scene and the underground speakeasies of the Roaring Twenties.ihg.com/hotelindigoInterContinental Los Angeles Downtown (Downtown) – InterContinental Los Angeles Downtown is part of the tallest U.S. building west of Chicago as the Wilshire Grand Center. The hotel features 889 rooms, 110 suites and one presidential suite, including a ‘sky lobby’ on the 70th floor. There is nearly 100,000 square feet of meetings, conventions and event space. Wilshire Grand Center is a $1.1 billion project that also includes 400,000 square feet of offices and 45,000 square feet of retail space. Wilshire Grand Center is about 80 feet taller than the U.S. Bank Tower and the hotel is the largest InterContinental in the Americas.ihg.comThe Jeremy West Hollywood (West Hollywood) – The Jeremy West Hollywood Hotel has moved in on the corner of Sunset and La Cienega and features stunning panoramic views of the Hollywood Hills and Los Angeles Basin. The hotel has 286 guestrooms with two Penthouse Suites that all feature panoramic Hollywood Hills views.jeremyhotel.comLa Peer (West Hollywood) – Opening in January 2018, La Peer Hotel will feature 105 guest rooms and suites, a rooftop event space, poolside fitness centre and more than 8,000 square feet of indoor and outdoor dining and lounge spaces. In addition, the property’s pool – while in the center of the bustling city – is an escape in and of itself accented by lush landscaping and handcrafted lanterns hanging from above that set the tone for an urban retreat.lapeerhotel.comNobu Ryokan Malibu (Beach Cities) – Nobu Hospitality, famous for Nobu Matsuhisa’s signature restaurants, reclaimed the former Casa Malibu and repurposed it as a ryokan, or traditional Japanese inn. The beachfront property, which is owned by tech magnate Larry Ellison, has 16 custom rooms.nobuhotels.comNomad Hotel (Downtown) – Sydell Group, which opened Koreatown’s The LINE Hotel in 2014, has opened the Los Angeles outpost of New York’s NoMad Hotel. The NoMad has been redeveloped out of Downtown’s Giannini Place, which was built in 1923 as the headquarters for Bank of Italy (which became Bank of America). The 12-storey hotel has some 250 rooms as well as a rooftop pool. L.A. is the first city where three Sydell Group brands are represented.sydellgroup.com/nomad/los-angelesProper Hotels (Downtown) – Proper Hotels, the new brand headed by former Viceroy Hotels chief Brad Korzen, is slated to enter Los Angeles with a Downtown L.A. property located at the site of the former Case Hotel. The 13-storey property, which was built in 1924, will have 145 rooms and has plans to open in mid-2018.properhotel.com/downtown-laSheraton Gateway Los Angeles (LAX) – The hotel completed its second phase of multi-million dollar renovation with sophisticated upgrades to their 802 guestrooms and suites as well as the hotel lobby area and Sheraton Club. In addition, Sheraton Gateway Los Angeles Hotel invested $3.5 million dollars to enhance its 38 versatile meeting and function rooms totaling in 50,000 square-feet of distinctive event space.sheratonlax.comWaldorf Astoria (Beverly Hills) – The Los Angeles area’s first hotel under Hilton Worldwide’s Waldorf Astoria luxury brand is on the triangular corner next to the Beverly Hilton. The newly-built property, with Streamline Moderne design influences, is 12 storeys tall and features 170 rooms.waldorfastoriabeverlyhills.comWestdrift Manhattan Beach (Beach Cities) – Making its debut last month as the first Autograph Collection hotel in Los Angeles, the 26-acre westdrift Manhattan Beach boasts 392 luxury guest rooms, a nine-hole golf course, a signature indoor/outdoor restaurant, a CrossFit-inspired fitness centre and more than 35,000 square feet of indoor-outdoor space, including 18 meeting rooms, a traditional ballroom and three large, industrial-chic venues. The property is currently operating as Marriott Manhattan Beach, and is undergoing a multi-million-dollar renovation.westdrift.com/More news:  TRAVELSAVERS welcomes Julie Virgilio to the teamFor more information, go to discoverlosangeles.com. Posted by Share Monday, February 26, 2018 center_img Travelweek Group Record numbers of L.A. arrivals are finding plenty of new hotels << Previous PostNext Post >>last_img read more