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7th acquisition for Kimpton Hotels this year

Kimpton Hotels & Restaurants announced the acquisition of Hotel Wilshire in Los Angeles, in partnership with the initial hotel developper, OSM Investment Company. This is the 7th acquisition in the year.

Locatad on Miracle Mile District, the fancy area next to LA's famous Beverly Hills, the Hotel Welshire opened about a year ago after the conversion of a clinic into a boutique hotel with 74 rooms and 18 suites.Kimption has acquired the building, in partnership with the previous owner OSM Investment Company, and taken over the management from Greystone Hotels. The price for the acquisition has not been displayed. This is now the second Kimpton hotel in Los Angeles, along with the Palomar, and the sixth in Southern California.The hotel is also the second LEED-certified property in Kimpton’s 58-hotel collection, after the Palomar Hotel in Philadelphia.

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