Toronto, May 10th, 2023 – InnVest Hotels (“InnVest”), Canada’s leading hospitality company, is pleased to announce its first acquisition in the United States with the prestigious Kimpton Hotel Monaco (“Hotel Monaco”), featuring 189 well-appointed guestrooms in the heart of Seattle, Washington. This strategic move marks an exciting expansion for InnVest, reinforcing its commitment to providing unparalleled guest experiences and further solidifying its position as a key player in the global hospitality industry.
The hotel will undergo a comprehensive renovation to elevate the guest experience to new heights. InnVest’s unwavering commitment to an exceptional guest experience will be evident in the redesigned guestrooms, revitalized common areas, and enhanced amenities. This transformation will establish the property as the premier destination for luxury and lifestyle hospitality in the vibrant City of Seattle.
“We are thrilled to announce our first acquisition in the United States with the prestigious Kimpton Hotel Monaco,” said Lydia Chen, CEO of InnVest Hotels. “This milestone marks a significant moment for our company as we expand our footprint into the US hospitality market. Hotel Monaco’s outstanding reputation and prime location make it an ideal addition to our portfolio. With our commitment to excellence, we will embark on a comprehensive renovation project that will transform Hotel Monaco into a symbol of modern luxury. Through this renovation, we will enhance every aspect of the guest experience, creating an unforgettable stay that seamlessly combines innovative design, modern amenities, and exceptional service.”
The hotel will continue to be managed by Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ luxury and lifestyle portfolio. The acquisition will be InnVest second Kimpton property after the successful launch of Kimpton Saint George Toronto in 2018.
The acquisition aligns perfectly with InnVest’s vision to curate exceptional hospitality experiences that cater to the evolving needs and desires of modern guests on an international scale. InnVest’s acquisition is a testament to its unwavering pursuit of excellence in the hospitality industry. The company’s portfolio now includes a diverse range of exceptional properties in Canada and the United States, from roadside inns to luxury urban properties.
About InnVest Hotels
InnVest Hotels is the leading player in Canada’s hospitality industry, specializing in asset management, construction, and hotel operations. InnVest extensive portfolio comprises of more than 79 hotels, encompassing globally renowned hotel brands. With our skilled management team overseeing the daily operations of nearly 70 hotels, InnVest proudly stands as the largest owner and operator of hotels in Canada. Visit us online for more about InnVest Hotels.
About IHG Hotels & Resorts
IHG Hotels & Resorts [LON:IHG, NYSE:IHG (ADRs)] is a global hospitality company, with a purpose to provide True Hospitality for Good.
With a family of 18 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes, IHG has over 6,000 open hotels in over 100 countries, and more than 1,800 in the development pipeline.
- Luxury & Lifestyle: Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo
- Premium: voco hotels, HUALUXE Hotels & Resorts, Crowne Plaza Hotels & Resorts, EVEN Hotels
- Essentials: Holiday Inn Hotels & Resorts, Holiday Inn Express, avid hotels
- Suites: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites
- Exclusive Partners: Iberostar Beachfront Resorts
InterContinental Hotels Group PLC is the Group’s holding company and is incorporated and registered in England and Wales. Approximately 345,000 people work across IHG’s hotels and corporate offices globally.
For further information:
Senior Vice President, Asset Management & Investments
Tel: (416) 607-2342