KHP I originally acquired the independently operated Caleo Resort & Spa in December 2005 and installed Kimpton Hotels & Restaurants to manage the property. Following a comprehensive renovation and the introduction of newly re-concepted restaurant, KHP I introduced the newly re-branded FireSky Resort & Spa to the market. During KHP I’s hold period the property’s RevPAR penetration index was improved over 20 percentage points.
|Strategy:||Renovation / Repositioning|
|Acquisition Date:||December 2005|
|Disposition Date:||February 2016|