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Founded in 1981 by Bill Kimpton and led by Chief Executive Officer Mike DeFrino, the group was the largest chain of boutique hotels in the United States in 2011. As of January 2024, it operates 81 hotels worldwide with a number of new properties forthcoming. [2]
As of 31 March 2019, IHG has 842,759 guest rooms and 5,656 hotels across nearly 100 countries. [41] IHG Hotels & Resorts has a loyalty program. IHG One Rewards average a value of 0.68 ¢ per point. [42]
The hotel option was proving far more appealing than in the early 1980s because of the agency's overwhelmingly positive experience in allowing Kimpton Hotels to transform the 170,000-square-foot (16,000 m 2) vacant Tariff Commission Building into a 172-room luxury Hotel Monaco.
Kimpton Hotels & Restaurants took over management in 2012 and the hotel was renamed the Kimpton Donovan Hotel. [5] Viceroy Hotels & Resorts took over management in July 2019 [ 6 ] and the hotel was renamed The Donovan while it underwent renovation, before being rebranded as Hotel Zena, a Viceroy Urban Retreat on October 8, 2020. [ 7 ]
Kimpton Hotels & Restaurants founder Bill Kimpton saved the iconic hotel in 1993 by forming an investment partnership that purchased the property for $22 million (equivalent to $46.4 million in 2023). [7] Another $9 million was invested to renovate the entire building inside and out and the hotel was renamed the Kimpton Sir Francis Drake Hotel.
A Florida woman who said she was playing a game with her boyfriend when she zipped him up in a suitcase and left him to die has been sentenced to life in prison.
On August 22, 2006, the hotel became the Kimpton Hotel Palomar Washington DC. [8] The hotel was sold to the Massachusetts-based Service Properties Trust in 2019 for $141.5 million. That company owns a 1/3 stake in Sonesta Hotels, [9] and renamed the property the Royal Sonesta Washington DC Dupont Circle on December 1, 2020. [10]
Investors are overwhelmingly pricing in a 25-basis-point reduction in borrowing costs at the Fed's November meeting, with some now seeing a slight chance the central bank will keep rates on hold ...
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