Official: Kimpton buyout won’t alter Sky Hotel Aspen plans
December 22, 2014
As developers aim to redevelop Sky Hotel as part of a project that has been under the scrutiny of neighbors and the Aspen City Council, a major hotel brand announced plans last week to acquire Kimpton Hotels, which runs the Durant Avenue lodge.
United Kingdom-based InterContinental Hotels Group, which owns the Crowne Plaza, Holiday Inn and InterContinenal brands, is poised to buy San Francisco-based Kimpton for $430 million, according to published reports.
InterContinental owns more than 4,600 hotels. Kimpton owns 62 boutiques hotels in the U.S. Sky Hotel in Aspen is among them as well as the Hotel Monoco brand, which includes a location in downtown Denver.
The Sky Hotel property is owned by Washington, D.C.,-based Northridge Capital, which is pitching a major redevelopment that includes a hotel in the 90,000-square-foot range, a rooftop swimming pool and other amenities.
Sky Hotel representative John Sarpa said he was notified by Northridge of InterContinental Hotels Group's pending buyout of Kimpton. He said the acquisition won't affect plans in Aspen for the Sky Hotel.
"Not one iota," he said. "But it certainly allows us to be part of a much larger organization."
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The Kimpton brand is known for its uniqueness and offers little in common with InterContinental Hotels Group, noted BloombergBusinessweek.com.
"Many travelers were quick to assume that their beloved collection of 62 quirky properties, where pets are welcome and leopard-print robes hang in the closets, will soon be corporatized into homogeneity by the parent company of Holiday Inn and Crowne Plaza," the site reported.
Sapra, agreed that Kimpton has an "interesting, unique boutique" that is geared toward the millennial generation that Sky Hotel aims to capture, and there are no plans to alter its concept.
Sky Hotel's plans will be back before the City Council on Jan. 12.
"I'm excited about what's being done," Sarpa said, hinting there are some changes in the plans. He declined, however, to elaborate.
Management for Sky Hotel did not respond to inquiries from The Aspen Times.