Boutique Hotel Company to Debut its First Florida Keys Property

KEY WEST, FL (October 18, 2019) – Kimpton Hotels & Restaurants sets its sights on a new hotel collection in historic Key West, Florida, slated to open its doors in early 2020. Kimpton Key West will be the sixth property for the boutique hotel company in the Sunshine State and its first in the Florida Keys. The collection will be comprised of five separate hotels located in the historic district, each offering its own distinct story and stay experience, blending timeless architecture with an eclectic, bohemian style that could only be found in Key West.

Owned and developed by KHP Capital Partners, the new Kimpton Key West will honor the unique history of each individual property in the collection, some of which date back to the middle of the 19th Century. While all properties in the collection offer the design-forward, friendly vibe for which Kimpton is renowned, no two rooms in the collection’s total 219 keys are the same. The collection spans everything from estate-like guesthouses to charming bungalows and original conch houses. With design masterminds Powerstrip Studio at the helm, thoughtful design details will present a stylish oasis with offerings for every kind of traveler.

“Key West is such a natural fit as a Kimpton destination, with its distinctive island style and vibrant local scene,” said Mike DeFrino, Kimpton Hotels & Restaurants’ CEO. “Key West is rich with the kind of history and welcoming culture that our guests value in their stay experiences. We look forward to bringing our signature heartfelt hospitality to this unique market.”

The southernmost location in the continental US, Key West boasts a laid-back Caribbean vibe, set against the backdrop of azure waters. Home to artistic icons like Ernest Hemingway and Winslow Homer, the destination has long attracted travelers with its carefree spirit. Known as a hub of creativity and acceptance, visitors to Key West have been inspired by its natural beauty as much as they have its rich cultural heritage. Centrally located in historic Old Town Key West, Kimpton Key West will offer a gateway to the island’s varied experiences, from live music to shopping, sailing, sportfishing and beyond.

“We are excited to once again be partnering with Kimpton in South Florida,” said Ben Rowe, Managing Partner of KHP Capital Partners. “Kimpton Key West will soon be one of Key West’s most popular properties, offering an enriching and exciting experience for visitors from near and far.”

The Kimpton brand continues to grow in the US and internationally with over 25 Kimpton hotels across 20 new global destinations including Mexico City, Paris, Barcelona, Bali and Shanghai, scheduled to open in the next three to five years.

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San Francisco-based Kimpton Hotels & Restaurants is the original boutique hotel brand, which pioneered the concept of unique, distinctive, design-forward hotels in the United States in 1981. Anchored in one-of-a-kind experiences, Kimpton has 30 new hotels in the pipeline and operates nearly 70 hotels and 80 restaurants, bars and lounges across urban locations, resort destinations and up-and-coming markets in the United States, Latin America, the Caribbean, Canada, Europe and Greater China. Kimpton spaces and experiences center on its guests, offering inspiring design that evokes curiosity to forward-thinking flavors that feed the soul. Every detail is thoughtfully curated and artfully delivered, so that guest experiences remain meaningful, unscripted and ridiculously personal.

Kimpton’s employees, empowered to provide heartfelt service and experiences, have built a highly regarded workplace culture that appears consistently on FORTUNE magazine’s “100 Best Companies to Work For” list. As a result, Kimpton has been awarded, “Highest in Guest Satisfaction Among Upper Upscale Hotel Chains” by J.D. Power three times.

In January 2015, Kimpton became part of the IHG® (InterContinental Hotels Group) family of hotel brands. IHG franchises, leases, manages or owns more than 5,700 hotels and nearly 856,000 guest rooms in more than 100 countries, with over 1,900 hotels in its development pipeline.

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KHP Capital Partners is a real estate private equity firm focused on investments in boutique and independent hotels.

Headquartered in San Francisco, CA, KHP invests across the United States and Canada, generating superior riskadjusted returns by focusing on disciplined acquisition criteria and implementing value-add investment strategies that capitalize on the team’s deep experience in hotel operations and development. In February of 2019, KHP completed raising KHP Fund V, a new $361 million discretionary real estate fund, which is expected to be deployed over the next three years and, with leverage, should translate into nearly $1 billion of buying power. Prior to raising KHP Fund V, the

KHP leadership team oversaw the investment and management of the four prior KHP Funds, representing over $770 million of equity committed to acquire and develop 34 hotels over the last 15 years. The firm’s current assets under management total approximately $800 million of equity.