Kemmons Wilson Hospitality Partners, Valor Hospitality, Acquire D.C.’s Kimpton Rouge Hotel

/Kemmons Wilson Hospitality Partners, Valor Hospitality, Acquire D.C.’s Kimpton Rouge Hotel

Kemmons Wilson Hospitality Partners, Valor Hospitality, Acquire D.C.’s Kimpton Rouge Hotel

|2019-09-17T11:30:55-04:00September 16th, 2019|

WASHINGTON (September 16, 2019) – Kemmons Wilson Hospitality Partners (KWHP) today officially announced that they have acquired the Kimpton Rouge Hotel in Washington, D.C. Valor Hospitality (Valor), which owns, operates, asset manages and consults on over 60+ hotels worldwide, is co-investing and will oversee a complete rebrand and renovation of the property and will be adding a new restaurant and rooftop bar within the next 18 months.

KWHP, a wholly owned subsidiary of Kemmons Wilson Companies, is the hospitality investment arm of the Kemmons Wilson family, which founded Holiday Inn Hotels in 1952. After 65 years of leadership in the hospitality space, KWHP formed a strategic partnership with Valor in 2017 to invest in unique hotel properties.

“This acquisition is a great example of how our partnership with Valor works,” said McLean Wilson, managing partner at KWHP. “It’s exactly the type of investment that both KWHP and Valor seek: a boutique, lifestyle-focused property that offers our guests something special, whether you’re looking for a top-class cocktail or a view of the White House.”

Valor and KWHP plan to change the name of the 137-room boutique lifestyle hotel (located at 1315 16th St. NW, between Dupont Circle and Logan Circle), although it will still operate within the Kimpton portfolio.  The new restaurant, which is not yet named, will include a rooftop bar with both interior and exterior spaces — allowing guests to enjoy the rooftop year-round.

“We have a strong relationship with IHG, and we’re very excited about working with Kimpton as one of the first-ever management companies to operate one of its franchise properties,” said Steve Cesinger, global co-founder and chief investment officer at Valor. “Kimpton has always performed well in the D.C. market, and we think that, with our vision, expertise and experience, we can be the hotel of choice for the nation’s capital.”

Valor and KWHP are also bringing in a new general manager, Raeshawna Scott. Scott is an 18-year veteran of the hotel operations industry and comes to the Kimpton Rouge from a previous role at Kimpton Topaz in Washington, D.C., where she served as general manager for four years.

For more information about Valor, visit https://valorhospitality.com. For more information about the Kimpton Rouge, visit https://www.rougehotel.com.

About Kemmons Wilson Hospitality Partners

Kemmons Wilson Hospitality Partners is a wholly owned subsidiary of Kemmons Wilson Companies.  KWHP is a Value-Oriented Hospitality Investment Fund and is the hospitality investment vehicle of the Kemmons Wilson Family, which founded Holiday Inn Hotels in 1952.

Contact: Katherine Henson

[email protected]/601.500.0448

About Valor Hospitality Partners

Valor Hospitality Partners is a full-service hotel management, acquisition and development company offering an array of services including site selection, product selection, entitlements, financing solutions, conceptual design, construction and project management, procurement, technical services, pre-opening hospitality management and operations management. Valor Hospitality Partners is a proven hospitality management company driven by excellence and achievement of top and bottom line targets. Our on-time/on-budget ethos, combined with our willingness to invest directly in projects, ensures we are aligned with owners and investors. As a comprehensive services provider, Valor Hospitality Partners can also plan and oversee the refurbishment and renovation of existing properties and assist ownership in positioning. Unlike most traditional hospitality management companies, Valor Hospitality Partners' extensive background and expertise in capital markets gives us unique insight to address property level capital requirements as well as operating issues. We can act as a deal sponsor and operating partner and will consider investing our own capital where appropriate. We can also assist existing ownership in developing and implementing restructuring and/or refinancing strategies.

Contact: Angela D’Amario

[email protected]/(770) 310-1152

About Kimpton Hotels & Restaurants

San Francisco-based Kimpton Hotels & Restaurants is the original boutique hotel company, 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 75 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 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. 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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