IHG’s Kimpton St Honoré Paris Development Completes

Main Photo: The Kimpton St Honore Paris

Date: July 2021

Name: Kimpton St Honoré Paris

Location: Opera area of Paris, France

Number of Keys: 149

Seller: The hotel was previously a mixed-use office-led building, which has been subject to a seven-year redevelopment, including three years of refurbishment work.

Buyer: Investment management company AXA IM Alts and project manager VINCI Immobilier has completed on the delivery of Kimpton St Honoré Paris to IHG.

Located in the Opéra area of the second arrondissement in Paris, the 149-room Kimpton hotel was previously a mixed-use office-led building. It has been subject to a seven-year redevelopment, including three years of refurbishment work.

Upon completion, three separate arms of the building have been transformed into one, totalling 12,000 sqm. The property has also applied for BREEAM “Very Good” certification.

Amenities at the hotel include a spa with a gym and indoor swimming pool, a business centre, ballroom, and a restaurant and rooftop bar.

Interiors are designed by several French architects. Charles Zana oversaw the lobby, rooftop bar, bedrooms and suites; Saguez & Partners for the spa and conference centre; and Humbert & Poyet for the patio restaurant and bar, with a veranda and green wall.

Germain Aunidas, global head of development at AXA IM Alts, said: “This major architectural project demonstrates our ability to transform a historic, emblematic and complex asset by changing its use and repositioning it sustainably. Since 2007, we have built up, extensive expertise in the hotel sector, and manage over 12,600 rooms across 55 hotels in 12 countries on behalf of clients, with a combined value of over €3 billion. More broadly, AXA IM Alts has developed over 300 projects in nine European countries for a total of €19 billion since in 2000, and currently has €8 billion projects under development.”

Jean-Luc Guermonprez, deputy managing director of the hotels division at VINCI Immobilier, added: “The completion of this notable project in the heart of Paris illustrates the expertise of VINCI Immobilier’s hotel division, which develops, designs and builds for hotel operator partners and investors turnkey projects on the whole range. With the Kimpton St Honoré Paris hotel, VINCI Immobilier is delivering the second of its four hotel operations scheduled to open in 2021.”

Christophe Laure, regional director for IHG, said: “France is famed for its hospitality, and Paris for its art, design, culture and admiration of originality, so we are thrilled to be delivering Kimpton’s philosophy of relaxed, stylish and uniquely personal service with this magnificent new flagship hotel. The opening of Kimpton St Honoré will bring with it a refreshing sense of joie de vivre, reinvigorating a building associated with traditional luxury and infusing it with a modern approach to indulgence which welcomes, acknowledges and celebrates the individual without the fuss.”

Kimpton St Honoré Paris is the first branded property from Kimpton in France.

THPT Comment: In January 2015, Kimpton became part of the InterContinental Hotel Group (IHG) family, and for our money, is one of IHG’s better brands, combining luxury, with well-priced style. Based in San Francisco, Kimpton Hotels & Restaurants operates more than 60 hotels and 80 restaurants, bars and lounges.

First Seen: Boutique Hotel News

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email info@thpt.co.uk