SAN FRANCISCO—Kimpton Hotels and Restaurants announced it will expand into Pittsburgh, Pa., with the conversion of a historic, Beaux Arts-style building into a new Hotel Monaco.
An adaptive reuse of the city’s iconic James H. Reed Building, originally built in 1903, the new Hotel Monaco Pittsburgh will feature 247 rooms, nearly 9,000 square feet of meeting and event space and a chef-driven, 120-seat restaurant with a prominent corner entrance. Slated for a late 2014 opening, the nine story property is located at the intersection of 6th Avenue and William Penn Way, across from prestigious Mellon Square and in the heart of the city’s Golden Triangle area. The new hotel’s interiors will reflect a locally inspired and distinctive take on the Hotel Monaco style.
“We’ve had great success throughout the Northeast and in Pennsylvania, and Pittsburgh is a logical choice for expansion, especially given the relative lack of boutique style properties and high demand for that here,” said Kimpton Chief Executive Officer Mike Depatie. “Also, as the 22nd largest city in the country with many Fortune 500 companies, universities, and a thriving technology sector, Pittsburgh deserves a great boutique hotel. We think visitors and locals will appreciate the warm and playful approach to hospitality Kimpton brings to the market.”
A joint venture with Philadelphia developer PMC Property Group, Kimpton’s KHP Fund III owns a 50 percent stake in the new hotel, making it the company’s third owned and operated property in Pennsylvania, joining the Hotel Monaco Philadelphia and Hotel Palomar Philadelphia.
