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The last hotel left standing from Hollywood’s glory days was financed in the 1920s by a group that included Mary Pickford, Douglas Fairbanks, and Louis B. Mayer. It hosted the first Academy Awards in 1929 and was Marilyn Monroe’s home during her modeling days. Following its resurrection in 2005, the hot Teddy’s nightclub made the Hollywood Roosevelt the darling of a new generation of young Hollywood hipsters. The 12-story landmark is in the midst of a rolling renovation that began in January 2014 and is scheduled for completion sometime in summer 2015. The first rooms to emerge were clad in soothing gray and white, with lots of light wood, set off by darker hardwood floors and sparing use of bright color spots. Sumptuous new bedding includes custom-made linens; bathrooms feature rain showers.They feel a little more retro, so paradoxically more contemporary, than counterparts still awaiting their makeover. Poolside cabana rooms, renovated in 2011, also have a sleek retro look. The Spanish-influenced lobby’s handcrafted columns, ornate ceiling and magnificent arches, meanwhile, have changed little. But many guests care little about any of that; they’re here for the scene. Good luck trying to get into Teddy’s, but there are plenty of other options, from the late-night DJ parties at the poolside Tropicana bar (something to keep in mind before booking the cabanas) to the clubby Library Bar’s craft cocktails, served omakase style. The 2011 renovation also added The Spare Room, a cocktail lounge with vintage bowling lanes and a variety of board games for added diversion, and Beacher’s Madhouse, a Vaudeville-inspired theater that stages racy variety acts. In addition to Public Kitchen & Bar, the main restaurant, 25 Degrees serves some of L.A.’s best burgers, 24 hours a day.