occupancy

Rates for double occupancy cabins range from $49,999 per person for a one-year journey to $159,999 per person for a four-year trip, according to the company's website.

Following years of revolving leadership and a broken financial model for operating single-room occupancy hotels, the trust announced its impending failure in early 2023.

Three single-room occupancy hotels owned by the trio — buildings similar to those in the trust portfolio — were left nearly empty and Pustilnikov had problems with oversight and financing for other low-income properties in the neighborhood.

For more than 100 years, single-room occupancy hotels have housed thousands of people in Skid Row.

That, he says, results in boosted hotel occupancy, ticket sales at area theme parks like Universal Studios and tours of Dodger Stadium, which has, in turn, increased the number of Japanese language tours it runs.