InterContinental Hotels Group PLC to acquire Kimpton Hotels & Restaurants Group LLC for cash consideration of $430 million

– IHG has agreed to acquire Kimpton Hotels & Restaurants (“Kimpton”) for $430 million in cash. – Kimpton is the world’s largest independent boutique hotel operator and a sophisticated food and beverage operator. – Kimpton is a fully asset-light business that manages 62 hotels in the most attractive cities and resorts in the US with… Read the full press release

Kimpton Hotels & Restaurants acquires landmark building on South LaSalle Street for planned conversion into its fifth property in Chicago

Adaptive reuse project will expand San Francisco-based company’s Windy City footprint to five hotels SAN FRANCISCO, 2014-8-20 — /Travel PR News/ — A pioneer in the hospitality industry for converting historic buildings into hotels, Kimpton plans to renovate and refurbish the landmark property on South LaSalle Street in the city’s central business district. Slated for a Q1… Read the full press release