Industry Update
Press Release21 November 2013

Kimpton Hotels & Restaurants Announces New South Beach Hotel

New Resort Destination Becomes Kimpton’s Fourth Hotel in the Area, Complementing the EPIC in Downtown Miami; Surfcomber Miami, South Beach; and Vero Beach Hotel and Spa

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Kimpton Hotel & Restaurant Group, Inc.

Kimpton Hotels & Restaurants announced today its continued expansion in the South Florida market with the management of The Angler's Boutique Resort in Miami, Florida effective November 21, 2013.

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Originally constructed in 1931 and later restored and revamped in 2007 now features The Angler's Resort of 48 rooms split amongst four separate buildings. The distinctively relaxed, yet sophisticated hotel features a restaurant, board room, pool and seven spa suites. Set to begin in 2014, the hotel will begin development on a new tower that will add 83 rooms, bringing the total number of suites and rooms to 131, as well a new living room style lobby and new rooftop pool.

With an urban yet tropical feel, The Angler's – located just steps away from some of the greatest beaches in South Beach – celebrates Miami Beach's historic architecture while also bringing a fresh approach that is reminiscent of old Florida, yet ideally suited to today's savvy South Beach visitor.

The new South Beach hotel strengthens Kimpton's presence in South Florida with a total of four hotels, joining the EPIC, in downtown Miami; Surfcomber, Miami, South Beach; and Vero Beach Hotel and Spa. Also emphasizing Kimpton's continued momentum with nine new projects announced this year, including new hotels in Austin, Grand Cayman, Milwaukee, Palm Springs, Pittsburgh, San Antonio, Savannah, Sedona, and Seattle.

"South Florida has been an especially integral part of Kimpton's growth story over the last five years as a market with high demand among our most loyal guests. We look forward to continuing our success here," said Kimpton CEO and President Mike Depatie. "This is also an exciting addition for us as it further strengthens our portfolio in popular leisure markets, joining hotels we already have in Scottsdale, Aspen, Palm Springs, Vero Beach and Santa Barbara. "

Kimpton was selected to manage the hotel by LBL Group, a Miami, FL-based development company, and current owners and of The Angler's. Led by brothers Eric and Marc Lawrence, LBL Group has been involved in the development and asset management of an extensive portfolio of hotels and residential properties.

"We're really excited to be working with Kimpton to help take The Angler's to the next level with our new development," said Eric Lawrence, principal, LBL Group. "The brand has successfully made its mark here in South Florida with their reputation of sincere and attentive service, thoughtful design and signature style. There's no doubt they will help propel us to even greater positioning in the market."

About Kimpton Hotels & Restaurants

San Francisco-based Kimpton Hotels & Restaurants is the original boutique hotel brand, 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.

In January 2015, Kimpton became part of the InterContinental Hotels Group (IHG) family of hotel brands. For more information, visit www.KimptonHotels.com.

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Stephanie Moustirats
Phone: 415-955-5487
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