Kimpton Hotels & Restaurants Acquires Landmark Portland Hotel

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RiverPlace Hotel Becomes Kimpton’s Third Boutique Hotel in Portland

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RiverPlace Hotel, Portland, Oregon

RiverPlace Hotel, with its fantastic location along the water and access to outdoor recreation embodies the essence of Portland. With our focus on bringing the local flavor of every city to each guest experience, it’s a perfect fit for the Kimpton brand.

Kimpton Hotels & Restaurants expanded its collection in Portland this week with the purchase of the award-winning RiverPlace Hotel and Three Degrees Waterfront Bar & Grill. Kimpton acquired the hotel with its KHP II private equity fund. The 84-room boutique hotel and picturesque restaurant are the sixth property Kimpton has purchased with KHP II. Others acquired via the fund since its close in 2008 include the Hotel Monaco Philadelphia, Hotel Monaco Baltimore, Hotel Palomar Philadelphia, Hotel Palomar San Diego and the Hotel Palomar Chicago. RiverPlace Hotel is Kimpton’s third Portland hotel, joining the Hotel Monaco and the Vintage Plaza.

Perched on the historic Willamette River, Portland’s only riverfront hotel is a natural urban retreat. Spacious rooms and a warm inviting décor promise a soothing respite, highlighted through personalized service that Kimpton guests know and love.

The RiverPlace Hotel offers a resort-lodge feel with plush guestrooms full of four diamond comforts, natural light streaming through large picture windows and sweeping views of the water.

The hotel’s design will be refreshed to give the RiverPlace Hotel that signature Kimpton look and feel. These changes include new artwork in the guestrooms, as well as new pillows and bed throws that embody the comfortable elegance and chic style of Kimpton hotels.

Long-term business travelers and families alike can enjoy 10 one-and two-bedroom suites, complete with full kitchens, wood-burning fireplaces and balconies overlooking the Willamette. The hotel includes more than 4,000 square feet of indoor and outdoor meeting space, including a private room in the restaurant.

The breathtaking view from Riverview Courtyard is an ideal space for outdoor receptions.

“Portland was Kimpton’s first market outside of San Francisco, so it’s a place that has always been important to the company,” said Mike Depatie, CEO, Kimpton Hotels & Restaurants. “The RiverPlace Hotel, with its fantastic location along the water and access to outdoor recreation embodies the essence of Portland. With our focus on bringing the local flavor of every city to each guest experience, it’s a perfect fit for the Kimpton brand,” said Kimpton CEO Michael Depatie. “And as an investment, it’s even better – prime riverfront real estate with a high barrier to entry due to limits on new construction.”

The RiverPlace Hotel’s theme of tranquil escape comes from many inspirations, including the adjacent full-service Point Spa, striking mountain vistas, a complimentary bicycle rental program and access to the waterfront path along the river.

“The prime riverfront location is a main reason this hotel has become the first choice for leisure travelers,” said Depatie. “Now that our Portland collection includes a hotel on the water, we can appeal to clientele who seek a place with great scenery and leisure activities that make this a true destination city.”

RiverPlace Hotel will offer all the signature Kimpton programs such as the hosted evening wine reception, animal print robes, Guppy Love (in-room goldfish upon request), Kimpton InTouch loyalty program perks, pet-friendly practices and Kimpton’s EarthCare program, which includes more than 100 eco-friendly operating practices.

Reservations can be made at http://www.riverplacehotel.com or 1-800 KIMPTON.

ABOUT KIMPTON HOTELS & RESTAURANTS
San Francisco-based Kimpton Hotels & Restaurants, a collection of boutique hotels and chef-driven restaurants in the US, is an acknowledged industry pioneer and was the first to bring the boutique hotel concept to America. In 1981 Bill Kimpton founded the company that today is well-known for making travelers feel welcomed and comfortable while away from home through authentic and unscripted customer care, stylish ambience and embodying a certain playfulness in its approach to programs and amenities. Adjacent to the hotels are locally-loved, top-rated, Kimpton restaurants. Kimpton leads the hospitality industry in ecological practices through its innovative EarthCare program that spans all hotels and restaurants. Market Metrix, a recognized authority and leader in feedback solutions, consistently ranks Kimpton above other hotel companies in luxury and upper upscale segments for customer satisfaction. Privately held Kimpton was recognized by Fortune Magazine as a Best Company to Work for in 2012. The company operates more than 50 hotels and more than 50 restaurants in 23 cities. For more information visit http://www.KimptonHotels.com or call 1-800-KIMPTON.

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Melanie Blair
Kimpton Hotels and Restaurants, Pacific Northwest
(206) 516-5049
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Brandyn Hull
Kimpton Hotels and Restaurants, Pacific Northwest
(206) 340-6678
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