During the coronavirus emergency, the state and federal governments are bankrolling Project Roomkey, which converts hotels into temporary housing for virus-vulnerable homeless people.
Los Angeles County has paid about $1 million a month for the program, which includes 35 hotels, including the Vagabond Inn in Glendale.
Les Biggins is chief executive of El Segundo-based Vista Investments, which owns the Glendale property and others in Ventura County. He describes Project Roomkey as a "win-win," even though the rates paid by the program are less than market value.
Read the full story in the July 20 issue of the San Fernando Valley Business Journal.