Change ups at Kempinski: Kempinski Hotels CEO Markus Semer will not continue forward with the company, Kempinksi revealed Wednesday. Additionally, the company’s chief financial officer, Colin Lubbe, will be also leaving. During his time with Kempinski, Semer served for over 11 years as a member of the management board of Kempinski AG and as a director of the board of Kempinski Hotels SA. Both executives will stay on until successors are recruited and appointed.
A Chrysler hotel? New York City’s landmark Chrysler Building, which is being bought for about a fifth of what it last sold for, could ultimately be transformed from an aging office tower into a hotel. Aby Rosen’s RFR Holding and Austrian real estate firm Signa Holding GmbH last week agreed to purchase the 77-story skyscraper near Grand Central Terminal for US$151 million, significantly below the US$800 million the Abu Dhabi Investment Council paid in 2008 for a 90% stake, according to a person with knowledge of the matter.
A Graduate Cincinnati: AJ Capital Partners has acquired the Kingsgate Marriott in Cincinnati, Ohio. The hotel will run independent of any affiliation through February 2020, and a comprehensive renovation will begin in November to convert the hotel to a 206-room Graduate Cincinnati.
Radisson Collection in La Défense: Radisson Hospitality AB has signed its first Radisson Collection hotel in France, in the La Défense business area of Paris. The Radisson Collection Hotel & Suites, Paris La Défense will have architecture designed by Christian de Portzamparc and interior design by Jean-Philippe Nuel. The hotel will have 309 rooms and apartments in addition to 45 suites that include four executive suites and one presidential suite.
Kimpton’s 1st in Montana: Kimpton Hotels & Restaurants will manage its first property in Montana; an adaptive reuse scheduled to open in Bozeman early next year. The project will turn the National Guard Armory building into a 122-room hotel with a signature restaurant, a whisky and bar centric speakeasy and 8,000-square-feet of meeting and event space.
Key gets an AC in FL: Miami-based real estate investment and development company Key International has broken ground on an AC Hotel by Marriott. The property, which was acquired in 2016 as three adjoining land parcels that span more than a half-acre, is located in Fort Lauderdale Beach, Florida, and will have 171 guest rooms.