IHG Hotels & Resorts, one of the world’s leading hospitality companies, announced the signing of Kimpton Los Monteros Marbella – the latest milestone in its rapid European growth.
The agreement, revealed at this month’s International Hospitality Investment Forum (IHIF) conference in Berlin, marks the third Spanish signing for the Luxury & Lifestyle brand, following Kimpton Vividora Barcelona and Kimpton Aysla Mallorca.
Kimpton Los Monteros Marbella will provide visitors with an idyllic retreat in the foothills of the Sierra Blanca mountain range between Malaga and the Strait of Gibraltar on the world-famous “Costa del Sol”. Before opening its doors, it will undergo a full refurbishment to transform it from the former The Hotel Los Monteros – Spa & Golf Resort Marbella which has been closed since late 2022.
The 178-key hotel will be a highly-valued addition to the quickly growing Kimpton Hotels & Restaurants portfolio of properties which are beloved by guests – including IHG One Rewards members – for their individual identities, eye-catching designs and repurposing of inspiring, iconic buildings.
Kimpton Los Monteros Marbella will be operated by IHG under a hotel management agreement with Monterotel SL, owned by the JV of Bain Capital & Stoneweg, which was set up in 2021 and owns four hotels in Spain.
Mrs Willemijn Geels, VP Development, Europe, IHG Hotels & Resorts, said: “We are delighted to have grown our Kimpton brand portfolio in Spain to three properties with the signing of Kimpton Los Monteros Marbella. We can’t wait to complete the full renovation of this outstanding hotel, and begin to welcome guests in the next few years.
“Through our partnership with Bain Capital & Stoneweg, we’re offering travellers from around the world an outstanding new Luxury & Lifestyle venue in an eternally popular luxury tourism destination. We believe the hotel will be a flagship for the Kimpton brand in Southern Europe thanks to its size and breadth of facilities”.
Rafael Coste Campos, Managing Director, Bain Capital, said: “It has been wonderful to partner with IHG and bring to life our shared vision for Kimpton Los Monteros Marbella. Both companies are aligned in our desire to open a market-leading luxury destination in the region, and we look forward to collaborating further on this project.”
Miguel Casas, Managing Director of Stoneweg Hospitality, commented: “Throughout this process, IHG has impressed us with its innovative thinking and ideas, and we are confident that their strong enterprise platform will drive outstanding returns in this emblematic property. Kimpton is the perfect brand for Marbella and we’re excited to welcome guests under the new brand.”
Kimpton Los Monteros Marbella will feature 178 rooms and suites, four restaurants and bars and a wide range of leisure activities including two swimming pools, a gym, tennis courts and a spa. For those visiting for business, it will offer a choice of four main meeting areas (1,260 sqm in total) – the largest of which accommodates 350 people.
The hotel is situated just 500m from the beach in a quiet, exclusive area of Marbella which is easily accessible by car and 3.5 kilometres (seven-minute drive) from the city centre. It is also ideally located for Malaga Airport, which is 45km away (40-minute drive), and Gibraltar Airport, also comfortably reached in under an hour.
Close to popular golf courses including Marbella Golf, Santa Clara Golf and Rio Real, Kimpton Los Monteros Marbella also offers guests the perfect base from which to explore Marbella’s archaeological heritage, museums and performance spaces, as well as events ranging from reggae concerts to opera performances.
There are 75* Kimpton Hotels & Restaurants properties open around the world, and 43* in the pipeline. From its roots in San Francisco, the brand has become an internationally recognised signature for celebrated, individual luxury hotels. In 2022, 10* new signings represented a growth of more than 50% globally.
IHG Hotels & Resorts currently has 46* operating under 8* brands in Spain including Six Senses Hotels Resorts Spas, InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Hotel Indigo, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels & Resorts, Holiday Inn Express and Iberostar Beachfront Resorts, with a further 13* in the pipeline.
*Numbers as of 31 March 2023