MARKET WIRE NEWS

KIMPTON ERA MIDTOWN NEW YORK OPEN AS MANHATTAN'S NEWEST LIFESTYLE DESTINATION

MWN-AI** Summary

Kimpton Era Midtown New York has officially opened its doors, positioning itself as a premier lifestyle destination in Manhattan. This new 33-story skyscraper, managed by the Extell Development Company, serves as a sophisticated haven for modern travelers, combining elegant design with urban comfort. Guests will find 529 meticulously crafted "jewel box" rooms that provide urban functionality while offering picturesque views of iconic landmarks like the Empire State Building and Rockefeller Center.

The hotel features a vibrant atmosphere enhanced by four distinctive dining venues operated by the hospitality group Apicii. Among these is Bar Rocco, helmed by James Beard Award-winning chef Rocco DiSpirito, and Amasa, a forthcoming Latin steakhouse. A unique rooftop Asian izakaya, Jade Rabbit, promises 360-degree views of the Manhattan skyline, complementing the hotel's diverse dining offerings.

Designed by INC Architecture & Design with an emphasis on modern classicism, Kimpton Era’s interiors cleverly merge refined elegance with a contemporary urban flair. The hotel’s amenities include a state-of-the-art fitness center, stylish lounge spaces, and a signature social hour hosted at The Parlor, the hotel’s main lobby concept.

Managing Director Kori Yoran articulated the hotel's vision as not just a place to stay but a sanctuary that invites guests to immerse themselves in the dynamic heartbeat of Manhattan. With its seamless blend of luxury and livability, Kimpton Era Midtown aims to reimagine the New York experience for both visitors and locals alike, all while celebrating the city’s rich cultural tapestry.

Room rates at Kimpton Era Midtown start at $450 per night, appealing to a broad spectrum of travelers seeking comfort and connectivity in the heart of New York City.

MWN-AI** Analysis

The recent opening of the Kimpton Era Midtown New York marks a significant moment in the Manhattan hotel landscape, offering both unique investment opportunities and consumer attraction. As a financial analyst, it's essential to evaluate the implications of this new lifestyle destination and its role in the hospitality market.

First, the positioning of Kimpton Era as a "lifestyle hotel" aligns with the growing trend of experiential travel, particularly in bustling urban centers. Its various dining options, including a collaboration with renowned chef Rocco DiSpirito, tap into gourmet and local cuisine, enhancing the guest experience and encouraging extended stays. This strategy could significantly boost occupancy rates and average daily room rates, making it an appealing investment property.

The hotel’s unique offerings, such as the rooftop bar with panoramic views, emphasize an engaging guest experience, which has become critical in attracting both leisure and business travelers post-pandemic. As we see a resurgence in travel and events, Kimpton Era positions itself strategically within Midtown, close to major corporate hubs and cultural landmarks, increasing its potential for attracting diverse clientele.

Furthermore, the thoughtful design of the hotel's accommodations — compact yet functional — caters to a segment of travelers seeking efficient yet stylish lodging options. The emphasis on luxurious yet practical amenities, alongside a well-structured layout, appeals to both business and leisure markets.

In summary, for investors, Kimpton Era presents an attractive opportunity in the competitive New York market. Its diversified dining experiences, emphasis on customer engagement, and well-defined brand identity resonate with current travel trends. Thus, potential investors should consider entering this space as the demand for distinctive, lifestyle-oriented hotel experiences continues to grow in urban settings.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: PR Newswire

PR Newswire

The 33-Story Newbuild Offers a Vertical Voyage of Contemporary Lifestyle, Four Destination Dining Concepts by Apicii, and Unrivaled Midtown Views

NEW YORK, March 11, 2026 /PRNewswire/ -- Kimpton Era Midtown New York officially opens its doors, marking the latest addition for the Kimpton brand in Manhattan.

Now open, Kimpton Era Midtown New York serves as the ultimate launchpad for the modern traveler—a 33-story ground-up skyscraper designed by Extell Development Company and the first under their direct management. Inside, the explorer will find rooms that are petite yet thoughtfully designed, distilled to their purest essentials to create a calm, intuitive sanctuary where the city is yours to uncover. Beyond the guest rooms, the hotel's pulse beats through four distinctive restaurant and bar concepts in partnership with Apicii, including a collaboration with legendary chef Rocco DiSpirito and a breathtaking rooftop bar offering 360-degree skyline views of the city's cultural and business hub. This alluring gateway to an effortless New York experience features a 24-hour, 1,375-square-foot gym equipped with Peloton bikes, yoga mats, and the latest cardio gear.

Elysa Goldman, Senior Vice President, Development at Extell Development Company, added: "As our first managed hospitality project under Extell Hospitality Services, Kimpton Era is a testament to our commitment to best-in-class service and sophisticated design. We've worked with world-class partners to create a destination that captures the layered character of New York City, and we are proud to see this vision come to life in the heart of Manhattan."

"We aren't just opening a hotel; we're giving guests the keys to find their own rhythm in the heartbeat of Manhattan," said Managing Director Kori Yoran. "New York isn't just a city you visit; it's an experience that moves at its own electric pace. Kimpton Era captures that quintessential duality–the vibrant pulse of the streets paired with a refined sanctuary that lets you catch your breath. We've designed every corner to be a sophisticated basecamp where the city's many eras converge, inviting our guests to dive into the hum and return to a space that feels like home."

DESIGN
With interiors brought to life by INC Architecture & Design, and architecture design by SLCE Architects, Kimpton Era channels modern classicism with artful, intuitive comfort. The design captures New York's layered character—elegant yet gritty, refined yet raw—woven into a purpose-built skyscraper. Striking a balance between masculine and feminine notes, the design radiates a soft, edgy atmosphere crafted for elegance. Notably, the design team at INC Architecture & Design also led the 2022 renovation of the nearby Rockefeller Center landmark, allowing for the hotel to feel like a natural extension of its iconic surroundings.

ROOMS + SUITES
The overnight journey starts on the ground floor with a self-service check-in counter—a streamlined arrival that allows guests to go straight to their room. On the third floor, a contemporary lobby unfolds into refined textures and rich accents. This floor houses The Parlor, which functions as the hotel's main lobby, and a manned reception desk. Above, guests follow custom bohemian rugs to each of the 529 "jewel box" inspired guest rooms. Designed with precision, a painted palette of muted floral tones in soft neutral, cool blue, olive, and dusty pink induce the feeling of a calm escape. Warm wooding with an additional fluted paneling is a nod to the building architecture soaring outside the expansive windows in every room.

  • Crafted Comfort: Rooms are thoughtfully tailored to a traveler's lifestyle, a masterpiece of urban proportion where every square inch serves a purpose. The considered layout places everything harmoniously—from the bathroom to the workspace and luggage storage - allowing rooms to feel both intimate, organized and chic. Kit Miles fabric pops on a curvy seatback, complementing the midcentury art adorning the walls and the plush accent pillows.
  • City Connection: Every room offers shimmering views, featuring a custom window seat that allows guests to immerse themselves in the magic of the city. Above the 15th floor, south-facing rooms offer picturesque views of the Empire State Building and 1 World Trade. On the north side, select rooms offer a sightline to Rockefeller Center's iconic Plaza experiences and beyond to Fifth Avenue.
  • Suite Luxury: For guests who want to elevate their stay, the property features two expansive suites and nine rooms with outdoor terraces. Select suites offer connecting "lock-off" capabilities and pull-out couches for family or group flexibility.

RESTAURANTS & BARS
Hospitality titan Apicii operates four distinct destination concepts that form a diverse collection of dining and bar venues. Each restaurant and bar has its own distinct character, yet all remain seamlessly connected by the spirit of New York.

  • The Parlor: Now open. Serving as an all-day gathering place inspired by the neighborhood bars and cafés of Europe, this space transitions from morning espresso and pastries to evening cocktails for an ongoing, social atmosphere. The Parlor will also host the signature Kimpton social hour each evening. The Parlor is open daily 6:30 am - 11:00 pm.
  • Bar Rocco: Now open. From beloved James Beard Award-winning chef and author Rocco DiSpirito comes Bar Rocco, a destination Italian American brasserie, with its name serving a playful nod to both the chef and the restaurant's panoramic views of Rockefeller Plaza. DiSpirito has conceptualized a refined yet approachable Italian American brasserie, with a market-driven menu informed by his frequent visits to regional greenmarkets and long-standing relationships with local farmers and purveyors. The space balances sleek design with old-school charm, serving as a refined homage to classic Midtown institutions. Bar Rocco is open daily for breakfast, lunch, and dinner.
  • Amasa: Coming March 2026. Amasa is a Latin steakhouse that celebrates the region's bold culinary traditions, rich flavors, and attention to craftsmanship while delivering a dining experience filled with soulful hospitality, with a menu by Chef Christopher Loeffl. Bar Amasa is the restaurant's street-level cantina serving iconic Latin cocktails alongside inspired Mexican tacos.
  • Jade Rabbit: Coming April 2026. Crowning the hotel is a rooftop Asian izakaya offering 360-degree Manhattan city views, including Rockefeller Center, Radio City, JP Morgan Building, and the Empire State Building, paired with inventive cocktails.

DESTINATION
Located at 32 West 48th Street, Kimpton Era is centrally situated for both work and play. From this central Midtown homebase, guests have easy, immediate access to the city's most sought-after landmarks and corporate headquarters. Whether it is grand sporting events or concerts, the powerful energy of Manhattan is at your footsteps.

Rooms at Kimpton Era Midtown New York start at $450 per night. For more information and to reserve your stay, please visit kimptonhotels.com/ERAMIDTOWN.

Images of Kimpton Era Midtown New York can be downloaded here. All images can be credited to Kimpton Era Midtown New York/Extell Development Company.

The term "Kimpton" is used in this release for convenience to refer to Kimpton Hotel & Restaurant Group, LLC, and/or IHG Hotels & Resorts.

About Extell Development Company
Extell Development, founded by Gary Barnett, is a nationally acclaimed developer of luxury residential, commercial, retail, hospitality, and mixed-use properties in New York, Utah, and other premier markets. Working with world-class architects, Extell is recognized for sophisticated design, spacious layouts, and best-in-class service and amenities. Notable projects include Central Park Tower (the world's tallest residential tower), One57, the record-breaking glass tower with condominiums above Park Hyatt's five-star flagship hotel, One Manhattan Square, Brooklyn Point, W Hotel Times Square, InterContinental Boston, Four Seasons Resort and Residences Vail, and Grand Hyatt Deer Valley, with a new Four Seasons Resort and Residences coming to Park City, UT.

About Kimpton
Kimpton, part of IHG Hotels & Resorts' luxury and lifestyle portfolio, pioneered the concept of hotels combining sophisticated, playful design with a more human guest experience in the U.S. Founded in 1981, the San Francisco-born luxury lifestyle brand now operates more than 80 properties and over 100 restaurants, bars and lounges across urban locations, resort destinations and up-and-coming markets globally. From inspiring design and expansive experiences to forward-thinking flavors that feed the soul, Kimpton spaces act as vibrant hubs for sparking authentic human connections. Every detail is thoughtfully curated and artfully delivered so that guest experiences remain meaningful, unscripted and inspired. For more information, visit KimptonHotels.com.

About IHG Hotels & Resorts
IHG Hotels & Resorts (tickers: LON:IHG for Ordinary Shares; NYSE:IHG for ADRs) is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world's largest hotel loyalty programmes with over 145 million members, IHG has more than one million rooms and 6,800 open hotels in over 100 countries, and a development pipeline of over 2,300 properties. 

InterContinental Hotels Group PLC is the Group's holding company and is incorporated and registered in England and Wales. Approximately 385,000 people work across IHG's hotels and corporate offices globally.
Visit us online for more about our hotels and reservations and IHG One Rewards. To download the IHG One Rewards app, visit the Apple App or Google Play stores. For our latest news, visit our Newsroom and follow us on LinkedIn.

About Apicii
Apicii is a national hospitality group that has developed and operated a collection of acclaimed restaurants, bars, membership clubs and private event spaces across the country. Apicii is led by restaurateur Tom Dillon, who has an unparalleled 30-year track record in hospitality, having created, developed or operated leading global brands, including five of the 100 top-grossing restaurants in America. Dillon has operated venues that have been covered extensively in the press, including being awarded Best New Restaurant in America, as well as several Michelin-starred venues. For more information on Apicii, visit apicii.com.

About Inc Architecture & Design
INC is a New York–based interdisciplinary studio that works passionately at the intersection of architecture, interior, and object design, redefining design as a collaborative and cultural act. We nurture a communal studio culture where design becomes an act of care for both people and the planet. Beauty, sustainability, and cultural context are woven into every project, yielding environments that endure and contribute meaningfully to individual and collective life. Our practice fuses aesthetic empathy with environmental and social stewardship to create places of belonging that are as purposeful as they are joyful. Our work is structured around our core intentions of joy, utility, and craft, and supported by a proprietary information management platform and an investment in technological and material intelligence that enables agility and excellence across diverse project types. We engage in research-driven processes that are contextually specific and transparent, in the service of place-making not just for people, but with them.

SOURCE Kimpton Era Midtown New York

FAQ**

How does the opening of Kimpton Era Midtown New York align with Intercontinental Hotels Group American Depositary Shares IHG’s broader strategy for expanding its luxury and lifestyle portfolio in key urban markets?

The opening of Kimpton Era Midtown New York strengthens IHG's strategy by enhancing its luxury and lifestyle offerings in a prime urban market, thereby attracting affluent travelers and bolstering brand presence in a competitive hospitality landscape.

What unique value propositions does Kimpton Era Midtown New York offer that distinguish it from other properties in the Intercontinental Hotels Group American Depositary Shares IHG portfolio, particularly in the competitive Manhattan market?

Kimpton Era Midtown New York distinguishes itself with a boutique-style experience, personalized service, vibrant communal spaces, unique design elements, and a focus on wellness and local culture, setting it apart within the IHG portfolio amid Manhattan’s competitive landscape.

How is the partnership with acclaimed restaurateur Apicii expected to enhance the guest experience at Kimpton Era Midtown New York and impact the hotel's profitability in the context of Intercontinental Hotels Group American Depositary Shares IHG?

The partnership with acclaimed restaurateur Apicii is anticipated to enhance the guest experience at Kimpton Era Midtown New York through elevated dining options, thereby increasing customer satisfaction and loyalty, which could positively impact the hotel's profitability and IHG's stock performance.

What market trends were considered during the development of Kimpton Era Midtown New York, and how might these factors influence future performance and investment in properties under Intercontinental Hotels Group American Depositary Shares IHG?

The development of Kimpton Era Midtown New York considered trends like urbanization, increased demand for boutique hotels, and a focus on sustainability, which may enhance future performance and investment appeal for Intercontinental Hotels Group properties, particularly IHG's innovative offerings.

**MWN-AI FAQ is based on asking OpenAI questions about Intercontinental Hotels Group American Depositary Shares (NYSE: IHG).

Intercontinental Hotels Group American Depositary Shares

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