Kimpton Hotels & Restaurants Breaks Ground on New Property in Reno

SAN FRANCISCO (May 16, 2022) – Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ Luxury & Lifestyle Collection, joined CAI Investments, key stakeholders and local officials on Friday, May 13 for a ceremonial groundbreaking event to mark the progress on its new hotel in Reno, Nevada. When it opens in late 2024, the new Kimpton in Reno will become the first newly constructed non-gaming hotel built in the city. With a prime location in the heart of Downtown and across the street from the Truckee River and Wingfield Park, the hotel will become a beacon for boutique hospitality in the “Biggest Little City in the World.”

Owned by CAI Investments, LLC, a Las Vegas-based real estate firm, the Kimpton in Reno will outfit approximately 16 stories of a 20-story new-build, multi-use tower and feature approximately 270 sophisticated guest rooms. Obermeier Sheykhet Architecture will serve as the architect for the property as well as the accompanying approximately 55,000-square-foot office space and high-end residences. The hotel will feature several exciting amenities such as four unique restaurants and bars, an outdoor pool, day spa, fitness center and approximately 16,000 square feet of meetings and events space. As with all Kimptons, beloved amenities and services such as morning coffee and tea service, evening social hour, “Forgot It? We’ve Got It!” program, in-room yoga mats, complimentary bicycles and pet-friendly policies will further enhance the guest experience.

“We are thrilled to be working with CAI Investments to expand our footprint in the mountain region and open the first Kimpton in Nevada,” said Kimpton CEO Mike DeFrino. “Reno represents a unique intersection of work and play, with a growing tech scene and world-class entertainment venues. That mentality fits perfectly with Kimpton’s, and we know our guests, whether traveling for leisure or for business, will find a reason to come back or extend their stay to maximize on the opportunities for exploration in northern Nevada.”

Referred to as “America’s Adventure Place,” Reno sits alongside the eastern slope of the Sierra Nevada mountain range and offers close proximity to the outdoor adventures in Lake Tahoe and the cultural and entertainment activities in downtown Reno. No longer just known for its gaming and nightlife, Reno has emerged as a hub for technology companies such as Tesla, Apple and Google, adding a new moniker as “The Next Silicon Valley.” The city’s downtown neighborhood, where the hotel will be located, is experiencing significant growth and revitalization, particularly with the development of the 20-block-long Reno Neon Line District. The new Kimpton hotel will offer guests an ideal location to explore and recharge all that the area has to offer.

“The expansion that has taken place in Reno is nothing short of amazing and the continued revitalization of amenities demonstrates what a fantastic destination Reno and northern Nevada are,” said Chris Beavor, CEO for CAI Investments. “Our partnership with Kimpton will only continue to elevate the region which has become known as a getaway destination full of outdoor recreation, impressive food and beverage options and some unmatched annual events. We look forward to being a partner in Reno’s continued elevation – an effort I am particularly proud of as a Reno native.”

When it opens in late 2024, Kimpton in Reno will mark the brand’s first outpost in Nevada and join Kimpton Hotel Monaco and Hotel Born in Denver, CO, Hotel Monaco in Salt Lake City, UT and Armory Hotel in Bozeman, MT in the mountain region. Click here to view renderings of the property and click here to learn more.

ABOUT KIMPTON HOTELS & RESTAURANTS
San Francisco-based Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ Luxury & Lifestyle Collection, 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 80 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 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.

ABOUT CAI INVESTMENTS
Under the mission statement, ‘developing trust through transparency and vision,’ CAI Investments finances, develops, and manages properties across key markets in the United States. CAI Investments is a fully integrated company that manages the entire real estate development process from inception to completion. CAI is led by various industry veterans including CEO Chris Beavor, who bring an impressive resume in real estate, hospitality, acquisition and more. For additional information, please visit caicap.com.

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