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IHG Completes Acquisition of Kimpton – What Does It Mean?

Shawn Coomer
Shawn Coomer

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ihg buys kimpton

IHG Buys Kimpton – Purchase Complete

IHG announced exactly a month ago that they would be purchasing Kimpton Hotels & Restaurants for $430 million in cash. At the time the acquisition got mixed reactions. Customers loyal to Kimpton were understandingly worried about the changes this acquisition could bring to the boutique hotel brand.

Immediately after the announcement many of the brand’s loyal fans got on social media to express their concerns. Thankfully the company responded with a series of tweets to settle everyone’s nerves. In the communications they emphasized their excitement for the purchase and their commitment to staying with the brand ideals.

ihg buys kimpton

I personally have never stayed in a Kimpton property, however I have friends who swear by them. My hopes were to stay at one of their properties some time this year. Now perhaps my IHG Platinum status will get me something, although the loyalty programs are staying separate for now.

Conclusion

While only time will tell if Kimpton will retain its unique brand image, they are now part of a multi-national conglomerate. Intercontinental Hotel Groups announced today that they have completed the acquisition of Kimpton Hotels & Restaurants. It is done. Now the fun begins!

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Shawn Coomer
Shawn Coomerhttps://milestomemories.com/
Shawn Coomer earns and burns millions of miles/points per year circling the globe with his family. An expert at accumulating travel rewards, he founded Miles to Memories to help others achieve their travel goals for pennies on the dollar. Shawn also runs a million dollar reselling business, knows Vegas better than most and loves to spend his time at the 12 Disney parks across the world.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

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