About Kimpton Hotels Cleveland
Kimpton Hotels & Restaurant Group Inc. is the manager of the San Francisco, California-based hotel chain. The brand is owned by the Intercontinental Hotels Group (IHG). The hotel chain was founded by William Kimpton in 1981 with the leadership appointed to CEO Mike DeFrino. By 2011, the group was the largest chain of boutique hotels in the United States. Before that, the company launched two other brands named Hotel Palomar and Hotel Monaco in 2005. Ever since the establishment of these two hotels, they have received multiple recognitions from organizations. Fortune listed the company as the #11 Best Company to work for right within that year.
Due to that marketable recognition, IHG decided to acquire Kimpton for $430 million in cash. The name was retained to expand global managements. Since then, the company now owns 65 hotels with a total of 13,357 bedrooms. Their other services like restaurants and bars also continue to have separate yet equally notable brands, bringing the company ahead of its industry. As of 2014, the revenue of the brand has amounted to $1049.88 million. The IHG’s decision to acquire the brand was indeed a remarkable move. IHG has even reached $4.337 billion revenue in 2018 following more developments in the Kimpton Hotels.
