IHG FILLS LUXURY GAP IN MARBELLA WITH KIMPTON'S THIRD SPANISH SIGNING (Spain)
Kimpton Los Monteros Marbella to open in Costa del Sol following full refurbishment |
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IHG FILLS LUXURY GAP IN MARBELLA WITH KIMPTON'S THIRD SPANISH SIGNING (Spain)
Kimpton Los Monteros Marbella to open in Costa del Sol following full refurbishment |
Category: Europe - Spain - Industry economy
- New brands / Affiliations
This is a press release selected by our editorial committee and published online for free on 2023-06-02
IHG Hotels & Resorts, one of the world’s leading hospitality companies, is proud to announce the signing of Kimpton Los Monteros Marbella – the latest milestone in its rapid European growth.
The agreement, revealed at this month’s International Hospitality Investment Forum (IHIF) conference in Berlin, marks the third Spanish signing for the Luxury & Lifestyle brand, following Kimpton Vividora Barcelona and Kimpton Aysla Mallorca.
Kimpton Los Monteros Marbella will provide visitors with an idyllic retreat in the foothills of the Sierra Blanca mountain range between Malaga and the Strait of Gibraltar on the world-famous “Costa del Sol”.
Before opening its doors, it will undergo a full refurbishment to transform it from the former The Hotel Los Monteros – Spa & Golf Resort Marbella which has been closed since late 2022.
The 178-key hotel will be a highly-valued addition to the quickly growing Kimpton Hotels & Restaurants portfolio of properties which are beloved by guests – including IHG One Rewards members – for their individual identities, eye-catching designs and repurposing of inspiring, iconic buildings.
Kimpton Los Monteros Marbella will be operated by IHG under a hotel management agreement with Monterotel SL, owned by the JV of Bain Capital & Stoneweg, which was set up in 2021 and owns four hotels in Spain.
Mrs Willemijn Geels, VP Development, Europe, IHG Hotels & Resorts, said: “We are delighted to have grown our Kimpton brand portfolio in Spain to three properties with the signing of Kimpton Los Monteros Marbella. We can’t wait to complete the full renovation of this outstanding hotel, and begin to welcome guests in the next few years.
“Through our partnership with Bain Capital & Stoneweg, we’re offering travellers from around the world an outstanding new Luxury & Lifestyle venue in an eternally popular luxury tourism destination. We believe the hotel will be a flagship for the Kimpton brand in Southern Europe thanks to its size and breadth of facilities”.
Rafael Coste Campos, Managing Director, Bain Capital, said: “It has been wonderful to partner with IHG and bring to life our shared vision for Kimpton Los Monteros Marbella. Both companies are aligned in our desire to open a market-leading luxury destination in the region, and we look forward to collaborating further on this project.”
Miguel Casas, Managing Director of Stoneweg Hospitality, commented: “Throughout this process, IHG has impressed us with its innovative thinking and ideas, and we are confident that their strong enterprise platform will drive outstanding returns in this emblematic property. Kimpton is the perfect brand for Marbella and we’re excited to welcome guests under the new brand.”
Kimpton Los Monteros Marbella will feature 178 rooms and suites, four restaurants and bars and a wide range of leisure activities including two swimming pools, a gym, tennis courts and a spa. For those visiting for business, it will offer a choice of four main meeting areas (1,260 sqm in total) – the largest of which accommodates 350 people.
The hotel is situated just 500m from the beach in a quiet, exclusive area of Marbella which is easily accessible by car and 3.5 kilometres (seven-minute drive) from the city centre. It is also ideally located for Malaga Airport, which is 45km away (40-minute drive), and Gibraltar Airport, also comfortably reached in under an hour.
Close to popular golf courses including Marbella Golf, Santa Clara Golf and Rio Real, Kimpton Los Monteros Marbella also offers guests the perfect base from which to explore Marbella’s archaeological heritage, museums and performance spaces, as well as events ranging from reggae concerts to opera performances.
There are 75* Kimpton Hotels & Restaurants properties open around the world, and 43* in the pipeline. From its roots in San Francisco, the brand has become an internationally recognised signature for celebrated, individual luxury hotels. In 2022, 10* new signings represented a growth of more than 50% globally.
IHG Hotels & Resorts currently has 46* operating under 8* brands in Spain including Six Senses Hotels Resorts Spas, InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Hotel Indigo, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels & Resorts, Holiday Inn Express and Iberostar Beachfront Resorts, with a further 13* in the pipeline.
*Numbers as of 31 March 2023
About IHG
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 1,900 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, 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.
About Kimpton Hotels & Restaurants
San Francisco-based Kimpton Hotels & Restaurants 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, Asia 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. In January 2015, Kimpton became part of the IHG Hotels & Resorts family of hotel brands.
About Bain Capital Special Situations
Bain Capital Special Situations has $15 billion in assets under management and has invested $28 billion since its founding in 2002. We provide bespoke capital solutions to meet the diverse needs of companies, entrepreneurs, and asset owners - in all market cycles. The strategy brings together credit and equity expertise, as well as corporate and real asset expertise, to provide solutions which cannot be met by traditional providers. We invest globally across capital structures in corporate debt and structured capital solutions, distressed assets, non-performing loans, hard asset opportunities, and growth equity. Our dedicated, global team of 100 investment and portfolio professionals contribute the local expertise and capabilities that enable these diverse investments.
About Stoneweg
Stoneweg is a real estate asset manager and investment advisory group established in 2015 and headquartered in Geneva, Switzerland.
The Group relies on local operating teams to identify, develop and manage real estate investments around the World.
To date, Stoneweg has invested more than €5 billion in real estate in various sectors including residential, commercial, logistics and hospitality. Stoneweg's expertise lies in both equity and debt investment strategies. Its clients include financial institutions and family offices that invest in a variety of structures, including club deals, joint ventures and co-investments.
Stoneweg Hospitality (established in 2021) owns and manages a portfolio of prime hotels in Southern Europe, which have been, or are in the process of being, repositioned through significant managerial turnarounds, CapEx programs and reflagging strategies.
With more than 140 employees, Stoneweg is present in Switzerland, the United States, Spain, the United Kingdom, Ireland, Andorra and Italy.
Since 2015, Stoneweg has completed more than 300 acquisitions alongside best-in-class partners.
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