NEWH - November 2003 - (Page 35)
developing boutique hotels
in historic structures...
by: Tom LaTour
Kimpton Hotels & Restaurants
Canada and its combination of boutique, four-star service
and an adjacent destination restaurant is a great success.
Kimpton has extensive expertise in the field of adaptive
reuse and has transformed many types of structures into
boutique hotels. The company recently opened the Hotel
Monaco, Washington, DC and the Argonaut Hotel in San
Francisco- both housed in historically significant buildings. In developing these hotels, Kimpton also worked
with government agencies. Following is a Q & A with Tom
LaTour, Chairman & CEO of Kimpton Hotels & Restaurants
highlighting various aspects of these unique projects.
His personal foray into the hospitality business began in
1981 in San Francisco with the Bedford Hotel on Union
Square. Bill pioneered the concept of “boutique hotel.”
That concept was in one respect fairly simple: Taking an
older property with good bones, renovating it to create a
unique non-chain experience and combining it with superior customer service. Yet, the concept could not have
been too simple — Bill’s Bedford
Hotel flopped.
How did Kimpton Hotels & Restaurants
get into the business of transforming historic buildings into boutique hotels?
Bill Kimpton always said, “We are all insecure. It’s just a
matter of degree. A hotel should relieve travelers of their
insecurity and loneliness. It should make them feel warm
and cozy.”
Bill came to hotels as an avocation. It is said that as a
child playing monopoly, rather than acquiring property and
collecting rents, Bill loved getting to the point of “building
hotels.” Perhaps ironically, his college major was economics and he spent considerable years as an investment banker. During his years at Lehman Brothers, Bill
worked closely with New York hotelier Harry Helmsley and
came to understand the hotel business. It is this left
brain-right brain combination of understanding the money
and understanding the customer that allowed Bill to
excel.
Kimpton Hotels & Restaurants is a San Francisco-based
company known for its collection of stylish boutique hotels
that are coupled with fine chef-driven restaurants.
Founded in 1981, the company currently operates 38
hotels and 39 restaurants across the United States and
Undeterred, over the next fifteen
years, Bill and I continued to perfect
the core strategy - building a highly
profitable collection of mostly small hotels stretching
from San Francisco to New York City, each one designed
in a unique high style and operated with playful charm.
Traveling executives looking for an alternative to the
generic, and upscale tourists looking for an experience,
liked this formula of historic buildings, bold-interior design
and personal attention to detail. So much so, that they
drove our hotels’ occupancy rates well above the industry
average. Meanwhile, locals stood in line to get into the
restaurants.
What is your strategy for creating a boutique hotel in a
historic building?
Today, Kimpton Boutique Hotels has grown to include 38
hotels and 39 restaurants in 14 cities. We have over
6,500 rooms. In each instance, we adapt our product to
balance the needs of the market and the opportunity the
building provides.
A critical element in our formula is the ability to find a historic building and rehabilitate it using federal tax credits
for historic preservation. Early on, we focused on older
35
Table of Contents for the Digital Edition of NEWH - November 2003
NEWH - November 2003
Contents
Letter From the Editor
Hospitality News
On the Road Again... IHM&RS Show
Tips on Specs... Guestroom Lighting
Spotlight on the UK
Spotlight on Greater New York
Random Thoughts... Designing Today’s Boutique
Boutique Chain – Is It an Oxymoron?
Developing Boutique Hotels in Historic Structures
Unique Boutiques... The Story of Watertown
Approaching the Design of a Boutique Hotel
What Sets a Boutique Apart from the Rest?
Simplifying CEU’s
Small Business Advice
Industry Partner Education
Sources & Credits
Bios
NEWH - November 2003
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