ATLANTA (Sept. 29, 2023) - Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ luxury & lifestyle portfolio, breaks ground today for a new, boutique hotel in the Northern California coastal community of Pacific Grove, on the storied Monterey Peninsula. Marking the boutique hotel brand’s first property in the market, Kimpton Pacific Grove Hotel will exude elevated, laid-back vibes one can only find on the Central Coast of the Golden State and serve as a premier destination featuring locally inspired restaurant and bar concepts. The property is expected to open in late 2025.

Owned and developed by Cypress 16, LLC in conjunction with Interport Capital, LLC, and L&B Realty Advisors, Kimpton Pacific Grove Hotel will be a newly built, Mission-style boutique hotel featuring 101 elegant guestrooms, including six suites and a hospitality parlor equipped with its own private outdoor terrace. Rooms situated on the third and fourth floors will provide guests with sweeping views of the Monterey Bay, a breathtaking sight that is sure to promote a feeling of blissful relaxation.  The hotel’s expansive 3,650 square foot courtyard and breathtaking fireplace, all set against a bounty of native trees, will provide travelers a perfect California setting to host meetings and events or a beautiful celebration.   RRM Design Group will serve as the property architect and Narrative Design Studio will outfit the entirety of the hotel’s interiors. Huff Construction Company will serve as the general contractor for the construction of the project while Johnson Controls Capital will provide financing.

Aptly inspired by the dreaminess of the California coastline, the four-story hotel is set to become a culinary go-to for guests and locals alike thanks to its restaurant and bar venue’s focus on local cuisine, fresh seafood and locally grown produce. As with all Kimptons, beloved amenities and services such as morning coffee and tea service, evening social hour, a “Forgot It? We’ve Got It!” program, in-room yoga mats, on-site fitness center, complimentary bicycles and pet-friendly policies will enhance the guest experience.

“California has always been home to the Kimpton brand, and we’re thrilled to continue to thoughtfully grow our footprint in this important market,” said Mike DeFrino, managing director, Luxury & Lifestyles Americas at IHG Hotels & Resorts. “Not only is Pacific Grove located on the beautiful Monterey Bay, offering visitors spectacular views of the coastline, but it’s also home to many historic and charming homes and businesses, making it a truly one-of-a-kind destination.”

Situated between the city of Monterey and legendary Pebble Beach, this picturesque Victorian town – often called the “Butterfly Town U.S.;” “The Most Romantic City in the U.S.,” and “A Dreamy California Destination” – has become a sought-after location for weddings, honeymoons or for those seeking pure California relaxation. In addition to the city’s breathtaking views and quaint neighborhoods, guests can also enjoy unique boutiques, local art galleries and specialty shops all found within Pacific Grove’s four shopping districts. The new hotel sits within this quadrant and is close to the Pacific Grove Museum, Pacific Grove Library and within walking distance to the beloved Lover’s Point Beach.

“Partnering with IHG Hotels & Resorts to create such a beautifully distinct hotel in the Pacific Grove neighborhood is an exciting venture,” says Gary Roffe, managing partner, Cypress 16, LLC. “There’s nothing like this hotel in the area, and we’re looking forward to building a place that honors this idyllic beachfront city and can become a great contributor to the fabric of the local community.”

When it opens in 2025, Kimpton Pacific Grove will become the tenth Kimpton hotel in California. The brand currently has 75 open hotels globally and 50 projects in the pipeline.

Visit IHG.com or download the IHG One Rewards app to learn more about the Kimpton brand. For more information about Cypress 16 visit here.

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ABOUT KIMPTON HOTELS & RESTAURANTS 
San Francisco-based Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ luxury & lifestyle portfolio, is the original boutique hotel company, which pioneered the concept of unique, distinctive, design-forward hotels in the United States in 1981. Anchored in one-of-a-kind experiences, Kimpton now operates more than 60 hotels and 75 restaurants, bars and lounges across urban locations, resort destinations and up-and-coming markets in the United States, Canada, Europe, Caribbean and Greater China. Kimpton spaces and experiences center on its guests, offering inspiring design 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. For more information, visit www.KimptonHotels.com.     

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 19 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 1,900 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, Garner hotels, 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.

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ABOUT CYPRESS 16
Cypress 16 is a real estate development, investment and project/asset management firm founded in 2018 by Leon Hurley and Gary Roffe specializing in hospitality and mixed use ground up projects, including the sourcing of equity and debt for their projects. For more information, visit: www.cypress16.com

ABOUT INTERPORT CAPITAL, LLC
Interport Capital and its affiliate Interport Capital Ventures, LLC were founded in 2022 as a Co-GP investment fund manager, with the goal of supporting commercial real estate sponsors with joint venture capital, deal structure expertise, and financial management and oversight services. Interport Capital is a subsidiary of McClurg Century Investments, founded in 2012 as a multi-generational family office by Jack and Mary McClurg focused, which today is engaged in a broad array of commercial real estate development and value-add investments. For more information, visit: www.interportcapital.com

ABOUT L&B REALTY ADVISORS
Founded in 1965, L&B Realty Advisors (L&B) is a U.S. real estate investment firm that provides institutional investors with investment management solutions through innovative separate accounts and niche strategy funds. L&B has earned a track record of successfully acquiring, operating, developing and selling institutional quality office, retail, industrial and multifamily property on behalf of our clients. L&B manages a national portfolio of approximately 25 million square feet valued at $9.5 billion.  For more information visit www.lbrealty.com.

Johnson Controls International
Johnson Controls International (“JCI”) manufactures, installs, finances, and services energy-efficient HVAC equipment, AI-powered building automation systems, advanced life safety products for fire suppression and security, and other technologies.  For 140 years, JCI has provided industry-leading infrastructure to buildings around the world.  Our global team of more than 100,000 experts innovate and deliver in 150 countries providing services from over 2,000 worksites.  At Johnson Controls, our tailored advisory, design, and financing solutions along with our installation, retrofit, and intelligent maintenance services, support building owners to accelerate their journey toward a smart, healthy, and sustainable environment.

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