Audio – A Growing Concern
Bigger isn’t always better. Sometimes bigger can just become more unmanageable.
But for privately-held Kimpton Hotels & Restaurants, the next few years is going to have a lot to do with how it manages its growth and how it goes from a company with just some cool hotels in cool spaces to a much larger player in the growing boutique arena.
Kimpton has made its name for having a bunch of different themes for its rooms — some are pet friendly, some have celebrity themes (the Jerry Garcia Suite at the Hotel Triton in San Francisco, a John Lennon Suite in Seattle), and some hotels have special rooms for people who are very tall.
Yep. Tall people.
Boutique hotels currently make up a very small portion of the total U.S. hotel rooms, but Chief Executive Michael Depatie sees that number growing.
For Kimpton, he sees his portfolio of hotels growing to about 60 from 42 now within three years.
While he sees the growth coming largely within the United States, Depatie also has his eye on international expansion, but not until he gets done with his current crop of projects.
Depatie was one of the featured guests at this year’s Reuters Travel and Leisure Summit, which continues through Wednesday in Reuters Los Angeles offices.