Kimpton CEO: New $203M fund will fuel U.S. growth drive

04/4/2013 | HotelNewsNow.com

Kimpton Hotel & Restaurant Group plans to expand its portfolio in the U.S. through a $203 million fund it closed recently, says Kimpton CEO Mike Depatie. "We think it's a very good environment to make investments. It doesn't mean that that's easy. It's still very competitive out there," Depatie said. He estimates the fund could be used for development of up to 10 hotels or for $500 million worth of acquisitions.

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