Mike DeFrino has been appointed as Chief Executive Officer (CEO) at Kimpton Hotels & Restaurants
InterContinental Hotels Group completed its $430 million acquisition of Kimpton Hotels & Restaurants, the company announced Friday. Following the acquisition, first announced in December, IHG now counts the 62 Kimpton hotels as part of its portfolio of more than 4,700 hotels. Additionally, Kimpton on Friday announced that COO Mike DeFrino has taken over as Kimpton's CEO. Former CEO Mike Depatie, along with a few other Kimpton top executives, now is managing KHP Capital Partners, which handles real estate investments that include 30 percent of Kimpton's portfolio and pipeline.