clement, 23 rooms, complete with 65 inch tv's, tv's embedded in your mirror, a rooftop pool, and kitschn you can walk through. >> like a bed and breakfast on steroid. >> the owner clement chen admits his hotel at $800 a night is not for everyone. >> i will be frank, this is a high price point. there aren't people -- people are not on the internet saying, i am looking for an $800 a night room in palo alto, not the reality. >> reporter: with stanford, tech companies, and venture capital hub sand hill road close, clement expects to do brisk business. >> it really is the-- the guest who is looking for calm and security. we offer a very i think private experience. >> open for business. tonight the soft opening for the hotel. those who run it say the $800 night price is likely to go up it our economy stays strong. pretty soon expect $1,000 a night rooms. back to you guys. >> all right. thank you very much. >> could we groupon them. >> is there a groupon. maybe share one. >> $300 each. we could all do it, right. >> fun time. >> take it away, jeff. >> rainfall through the bay area. scattered ai

. >> this very cool, kitsch, retro kind of design doughnut shop that has the best doughnuts in town.re's something standing and in good shape, like the john e. carson was, we're really not going to tear it apart and reassemble it, so you get this sort of collision of the old and new. >> it's so exciting, what they're doing. there's an old medical office converted into the beat, which is a coffee shop -- really cute. but all those examining rooms made into individual art galleries. ♪ >> and they have life is beautiful, which is a special event. you know, you talk about the burning man? well, they used a similar concept, but they make it into an urban experience, and they have music, they have speeches, they've got artwork, they have a cooking fair. i mean, it goes on for three days and nights. it doesn't stop. i remember our first first friday here when i was the mayor. i guess it's like 14 years ago. 30 people came. now they get 20,000 down there. ♪ >> the local barbershop -- been around for decades, and they have seen the neighborhood transform around them. >> it's changing dramatic

. >> this very cool, kitsch, retro kind of design doughnut shop that has the best doughnuts in town.re's something standing and in good shape, like the john e. carson was, we're really not going to tear it apart and reassemble it, so you get this sort of collision of the old and new. >> it's so exciting, what they're doing. there's an old medical office converted into the beat, which is a coffee shop -- really cute. but all those examining rooms made into individual art galleries. ♪ >> and they have life is beautiful, which is a special event. you know, you talk about the burning man? well, they used a similar concept, but they make it into an urban experience, and they have music, they have speeches, they've got artwork, they have a cooking fair. i mean, it goes on for three days and nights. it doesn't stop. i remember our first first friday here when i was the mayor. i guess it's like 14 years ago. 30 people came. now they get 20,000 down there. ♪ >> the local barbershop -- been around for decades, and they have seen the neighborhood transform around them. >> it's changing dramatic