San Francisco, January 16, 2015
- The acquisition of Kimpton Hotels & Restaurants by InterContinental Hotels Group PLC (“IHG”) has now completed
- Chief Operation Officer Mike DeFrino formally succeeds Mike Depatie as Chief Executive Officer
- Mike Depatie to manage KHP Capital Partners, L.P., focusing on real estate and development
Kimpton Hotels & Restaurants, the pioneer and leader in the boutique hospitality sector, announces that Mike DeFrino has today started in his new role as chief executive officer of the business. The leadership change, announced in December 2014 as part of IHG’s agreement to acquire Kimpton Hotels & Restaurants, signals the formal completion of the transaction.
DeFrino has spent more than 25 years in the hospitality industry, almost twenty of which he has spent with Kimpton. He has held a number of senior operations and management positions and most recently acted as the company’s Chief Operating Officer. Before joining Kimpton, DeFrino worked at a number of boutique and luxury hotel chains around the U.S.
“Kimpton is entering an unprecedented turning point with IHG and if I’ve learned a thing or two over the past 18 years with the company, it’s that we’ve got the cultural foundation, passion and expertise to take our unique approach to hospitality to the next level,” said DeFrino. “Together with IHG, I look forward to globally expanding our leading boutique and lifestyle brand and reaching a larger community of engaged travelers and employees.”
“I’ve worked with Mike DeFrino for more than a decade and he is exactly the leader this company needs to lead them through the next chapter of the business,” said Depatie. “His drive, energy and wicked sense of humor position him well to take the company global with IHG.”
Along with former Chief Financial Officer, Ben Rowe and former Chief Investment Officer, Joe Long, Depatie will now be responsible for managing KHP Capital Partners, L.P., the asset manager for the three KHP private equity real estate investment funds that own approximately 30 percent of Kimpton’s existing and pipeline properties.
Notes to Editors:
Mike DeFrino: Roles & Responsibilities:
Mike DeFrino joined Kimpton in 1997 and during his executive tenure, led the opening and high performance of 25 hotels. Previous roles include:
- 2012 – Chief Operating Officer, San Francisco
- 2011 – Executive Vice President of Hotels, San Francisco
- 2006 – Senior Vice President of Hotels, San Francisco
- 2001 – Kimpton’s first East Coast Vice President, Washington, D.C.
- 1998 – Regional Director of Operations, Midwest
- 1997 – General Manager of the Alexis Hotel, Seattle
About Kimpton Hotels & Restaurants:
San Francisco based Kimpton Hotels & Restaurants is the leading collection of boutique hotels and restaurants in the United States and the acknowledged industry pioneer that first introduced the boutique hotel concept to America.
In 1981, Bill Kimpton founded the company that today is renowned for making travelers feel genuinely cared for while away from home through thoughtful perks and amenities, distinctive design that tells a story and inspires a sense of fun at each hotel and a sincerely personal style of guest service. Out to help people live full, balanced lives, Kimpton aims to inspire with touches like yoga mats in every room, complimentary coffee and tea to start the day, hosted evening Wine Hour, in-room fitness programming and complimentary bike rentals.
The award-winning restaurants and bars are led by talented chefs and bartenders that offer guests a chance to dine like a local. Kimpton also leads the hospitality industry in eco-friendly practices that span all hotels and restaurants, and is consistently ranked as one of the top companies in the Market Metrix Hospitality Index, Upper Upscale Segment, for Customer Satisfaction. The company is highly-regarded for its innovative employee culture and benefits and has been named a Fortune magazine “Best Place to Work” five times since 2009.
For more information, visit www.KimptonHotels.com.
IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of nine hotel brands, including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels & Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®, EVEN™ Hotels and HUALUXE® Hotels and Resorts.
IHG manages IHG® Rewards Club, the world’s first and largest hotel loyalty programme with over 82 million members worldwide. The programme was relaunched in July 2013, offering enhanced benefits for members including free internet across all hotels, globally.
IHG franchises, leases, manages or owns over 4,700 hotels and 697,000 guest rooms in nearly 100 countries, with almost 1,200 hotels in its development pipeline.
InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales.
Visit www.ihg.com for hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit: www.ihg.com/media, www.twitter.com/ihg, www.facebook.com/ihg or www.youtube.com/ihgplc.
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