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Yay, downtown Sacramento gets a Kimpton Hotel. What’s a Kimpton?

It’s big news in the hotel industry that downtown Sacramento is getting a boutique property with the Kimpton Hotels brand. But outside of the hotel industry, few folks know the name. There are no hotels called Kimpton. The San Francisco-based chain operates its boutique hotels under mostly unique local names. In San Francisco, those include...
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SLS Beverly Hills Hotel Sold for $195 Million to Sunrider International

The luxury SLS Beverly Hills hotel created by hotel and nightclub mogul Sam Nazarian has been sold for $195 million to Torrance multilevel marketing and hotel firm Sunrider International. Nazarian’s company SBE opened the 297-room hotel in 2008, just as the hospitality industry was going into a recession-related skid. The hotel business has since recovered...
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Ace Hotel in downtown Los Angeles sold for $103 million

The trendy Ace Hotel that opened last year in a refurbished historic building in downtown Los Angeles has been purchased by a Maryland real estate investment trust for $103 million. The 182-room hotel near the intersection of Broadway and Olympic Boulevard will continue to be operated by Ace Hotel Group, buyer Chesapeake Lodging Trust said....