InterContinental Hotels Group has signed a deal for a Kimpton hotel in Taipei in partnership with Malaysia's Cornerstone Partners Group. The 14-story Kimpton Taipei city center hotel is scheduled for a 2018 opening and will have 129 rooms and suites.
The Kimpton Taipei is the brand's most recent signing in Asia, following signings in Shanghai, Sanya and Bali. IHG also announced a Kimpton hotel for Paris after opening the Kimpton De Witt Hotel in Amsterdam—the first for the brand outside of the Americas—earlier this year.
Kimpton Taipei will be the latest addition to IHG's portfolio in Taiwan. The hotel group has five hotels under the Crowne Plaza Hotels & Resorts, Hotel Indigo, Holiday Inn and Holiday Inn Express brands in Taiwan as of September 2017. IHG has another five properties in the pipeline for the market.
“We’re excited to grow our presence in Asia and look forward to introducing our uniquely personalized approach to the Taipei market. We’re certain this property will become a beloved destination for travelers and locals alike," said Mike DeFrino, CEO, Kimpton Hotels & Restaurants.
Jason Chong, CEO, Cornerstone Partners Group, added: “Taiwan reflects the holistic integration of cultural diversity, with continuous growth in recent years that has attracted significant foreign capital to return to the Taiwanese market. This cooperation between Cornerstone Partners Group and IHG to introduce Kimpton Hotels & Restaurants will put Taiwan in the spotlight again. We are very confident in the market and look forward to expanding our footprint in the region.”
IHG acquired Kimpton in 2015 for $430 million, and while slow at the outset to expand the brand overseas, it has made strides over the past year signing multiple deals outside the U.S.