IHG Hotels & Resorts Announces Kimpton Hotel Theta Opening in Fall 2023 in New York City

ATLANTA (April 27, 2023) – Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ luxury & lifestyle portfolio, announced today it will open a new boutique hotel in New York City, marking the brand’s second in the market. Set to open in fall 2023, Kimpton Hotel Theta will serve as an oasis for business and leisure guests seeking respite in the heart of the city’s Theater District.

Designed to serve as a gateway to quintessential New York, Kimpton Hotel Theta will offer a sense of retreat in every environment. An adaptive re-reuse of an existing mixed-use hotel, the new Kimpton Hotel Theta was originally imagined by Morris Lapidus, the pioneer of Miami Modern Architecture. The reimagined hotel will span 15 floors and feature 364 guest rooms, inclusive of five suites. Guestrooms will be generously sized, particularly for New York City standards. As is true with all Kimptons, the hotel will feature beloved perks such as morning coffee and tea, evening social hour, “Forgot It? We’ve Got it!” amenity program, 24-hour fitness center, in-room yoga mats, custom-designed PUBLIC bikes ready to take out for a spin, and a no-fee pet policy.

Aptly inspired by the Theta brainwaves that are most present in moments of self-reflection, meditation and internal focus – the Theta name is also derived from the eighth letter of the Greek alphabet, a perfect tie to the hotel’s 8^th Avenue location. The design-forward hotel will also offer a 3,200-square-foot rooftop restaurant by TableOne Hospitality, a grab-and-go market and coffee service in the lobby. The rooftop will be the crown jewel of Kimpton Hotel Theta, a culinary escape with a speakeasy edge aptly inspired by the Cicchetti bars of the Italian Riviera. Small plates, bright apertivos and inspired spritzes will satisfy hotel guests and locals looking for a breath of fresh air over dinner and drinks.

Mike DeFrino, Managing Director, Luxury & Lifestyle Americas at IHG Hotels & Resorts says: “We're looking forward to bringing another Kimpton to the New York City market, and Kimpton Hotel Theta will bring an unexpected, refreshing experience to the Midtown West neighborhood. The hotel will serve as a boutique oasis designed to delight all guests who are looking to stay in the middle of it all but also have space to recharge and reset.”

Located on 48^th Street and 8^th Avenue at the nexus of the Theater District and Midtown West, a block off from Times Square, Kimpton Hotel Theta will be the ideal launch point for exploration, with easy access to the city’s transportation hubs. Guests can find themselves anywhere in Manhattan within twenty minutes, or they can step outside and stroll to iconic attractions, from Broadway to MoMA.  Attracting both first-time visitors discovering city highlights and nearly-natives returning to their second home, the unique location represents the heart of the city in every sense.

Operated by Highgate, a leading hotel management, investment and development company, Kimpton Hotel Theta will join Kimpton Hotel Eventi as the brand’s second hotel in New York City. A trusted operator in the hospitality industry, Highgate’s diverse portfolio spans 500 properties and 87,000 rooms across North America, the Caribbean, Latin America, and Europe. Kimpton Hotel Theta is the first with IHG Hotels & Resorts.

Arash Azarbarzin, Chief Executive Officer of Highgate says: “We’re excited to partner with Kimpton to launch this unique property in the heart of New York City’s iconic Theater District. As the newest addition to Highgate’s growing lifestyle and luxury portfolio, Hotel Theta offers an unrivaled experience for travelers and locals with its reimagined design, dynamic programming and soaring rooftop lounge.”

There are over 70 Kimptons open worldwide and more than 25 Kimpton hotels scheduled to open in the next three to five years across 20 new global destinations, including Riviera Maya, Roatan, Bali and Shanghai. To learn more about Kimpton Hotel Theta – Times Square visit this link. To view and download images of the new hotel, click here. (Photo credit: Regan Wood for Kimpton Hotels & Restaurants.)

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.

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About Highgate

Highgate is a leading global real estate investment and hospitality management company widely recognized as an innovator in the industry. Highgate is the dominant player in major U.S. gateway cities including New York, Boston, Miami, San Francisco and Honolulu, with a growing footprint in Europe, the Caribbean and Latin America. The hospitality forward company provides expert guidance through all stages of the property cycle, from planning and development through recapitalization or disposition. Highgate has a proven record of developing its diverse portfolio of bespoke lifestyle hotel brands, legacy brands, and independent hotels and resorts with contemporary programming and digital acumen. The company utilizes industry-leading revenue management tools that efficiently identify and predict evolving market dynamics to drive outperformance and maximize asset value. With an executive team consisting of some of the most experienced hotel management leaders, the company is a trusted partner for top ownership groups and major hotel brands. Highgate maintains corporate offices in New York, Dallas, Los Angeles, Miami, Seattle, Waikiki, London and Lisbon. www.highgate.com.

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