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US: Kimpton Hotels & Restaurants has purchased the 74-room Hotel Wilshire through a joint venture with OSM Investment Company.
The eco-friendly boutique hotel in the Miracle Mile neighborhood of Los is the second LEED-certified hotel in the Kimpton collection, in addition to its Hotel Palomar Philadelphia. It also the second Kimpton hotel in Los Angeles, and the sixth in the Southern California area.
Converted from a former medical office building in 2011 into a contemporary hotel, Hotel Wilshire features 55 guestrooms and 19 suites, including a rooftop penthouse suite. Amenities include a rooftop pool, 1,750 square feet of event space, and a boardroom that features two floor-to-ceiling glass walls.
“We had an incredible year in 2012 with seven new hotels added to our collection and we couldn’t be more pleased to close out the year with our expansion in the highly-desirable Los Angeles market,” said Mike Depatie, chief executive officer of Kimpton Hotels & Restaurants. “Hotel Wilshire is a perfect fit for the Kimpton portfolio and we’re pleased to partner with OSM on co-ownership of this hotel.”
Michael Orwitz, president of OSM Investment Company, said: “Being based in Los Angeles and having developed many residential properties in the city, we saw the Miracle Mile as an area of great opportunity to offer added convenience for the many businesses and residents in the Miracle Mile and Hancock Park neighborhoods. We are thrilled to be in this joint venture with Kimpton and are confident that the company’s stellar reputation and tenure in managing boutique hotels will take The Hotel Wilshire to even greater success.”
www.kimptonhotels.com
