I believe a ways back there was some discussion here about La Fonda - it was closed temporarily due to a labor union strike, and it sounds like it's open again. That's the good news. The bad news is: La Fonda is for sale for almost four mill. I would imagine it's not going to go very fast, but I for one will be making my pilgrimage next month.
Follow the link below to read yesterday's LA Times article. You'll have to register, but it's good reading. If it's been a couple weeks and the article can no longer be accessed, please feel free to email me w/ questions - I'm hanging on to the hard copy.