KIMPTON ASHBEL NEW YORK - PARK AVENUE OPENS IN HISTORIC MIDTOWN MANHATTAN LANDMARK
Kimpton Ashbel New York-Park Avenue (NYSE: IHG) opened April 22, 2026, in a restored 1928 Beaux‑Arts landmark at 70 Park Avenue in Midtown Manhattan.
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Rhea-AI Summary
Kimpton Ashbel New York-Park Avenue (NYSE: IHG) opened April 22, 2026, in a restored 1928 Beaux‑Arts landmark at 70 Park Avenue in Midtown Manhattan. The boutique hotel offers 205 guestrooms, a residential‑style public flow, Park & Bel café, nightly Kimpton Social hours, and curated art and design by Busta Studio.
Positioned near Grand Central and Bryant Park, the property reintroduces Kimpton to Park Avenue with a focus on residential comfort and neighborhood dining and gathering spaces.
Details
News Market Reaction – IHG
On Apr 22, the day this news came out, IHG closed 2.85% below the previous close.
Data tracked by StockTitan Argus for the Apr 22 session.
Key Figures
- Guestrooms
- 205 guestrooms
- Kimpton Ashbel New York-Park Avenue hotel size
- Connecting rooms
- 14 rooms
- Family-friendly connecting rooms at Kimpton Ashbel
- Original construction year
- 1928
- Historic Beaux-Arts building origin as Doral Park Avenue Hotel
- Kimpton properties
- 83 properties
- Global Kimpton hotel count mentioned in the release
- Kimpton venues
- 100+ restaurants, bars and lounges
- Kimpton-branded food and beverage outlets globally
- IHG rooms
- over one million rooms
- Total rooms across IHG’s global portfolio
- IHG open hotels
- 6,800 hotels
- Number of open IHG hotels in over 100 countries
- Development pipeline
- over 2,300 properties
- IHG hotels in development pipeline
Historical Context
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Announcement of 3,828 ordinary shares repurchased for cancellation via Goldman Sachs.
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Disclosure of 10,000 shares bought back under AGM authority for cancellation.
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Purchase of 40,000 shares within a defined price range, to be cancelled.
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31,521 shares repurchased at specified prices and earmarked for cancellation.
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10,000-share repurchase on London market under AGM authority, to be cancelled.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
adr financial
beaux-arts technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
A townhouse-inspired retreat introduces residential design, gathering spaces, and a new neighborhood café in Midtown Manhattan
The newly opened Park Avenue hotel features 205 guestrooms, including 14 family-friendly connecting rooms, each designed with tailored interiors, soft palettes, and generous proportions that create a calm and comfortable place to unwind after a day in the heart of
Sofia L. Vandaele, Regional Director of Operations for IHG Luxury & Lifestyle in
Designed to feel more like a private home than a traditional hotel, the experience replaces a conventional lobby with interconnected residential‑style spaces, including a foyer, living room, and family room framed by preserved architectural details that encourage guests to linger, gather, or work throughout the day. Oversized wood portals frame original architectural columns and windows, linking each space while preserving the building's historic character.
STAYS WITH SOUL
Every Kimpton has a soulful essence, from its history, creators, locale, community, and people, and Kimpton Ashbel New York-Park Avenue is no exception. Since 1928, 70 Park Avenue has offered a unique perspective on
As fate would have it, 70 Park Avenue has returned to Kimpton, now transformed with a revived outlook to ignite the human spirit and enchant guests out of the everyday, all with a quintessentially Kimpton wink of curiosity around every corner. Warm woods, soft palettes and curated gold accents are layered with playful flushes of color and eclectic artwork through design concepts led by Busta Studio. Furnishings are custom designed for the hotel, combining refined metal accents with organic textures to give each space a distinct sense of character.
Kimpton Ashbel's beautifully restored original limestone-clad façade anchors the hotel in its architectural past, while the interiors introduce a more intimate and residential flow. Upon entering, the ground floor unfolds a series of residential spaces; a foyer, living room, and family room, seamlessly linked by oversized wood portals that incorporate preserved architectural columns, original steps, and historic windows – creating a natural transition between past and present.
At the heart of the hotel, Kimpton Ashbel's living room serves as a welcoming gathering space, a floating open-space banquette, and a library. Just beyond, Park & Bel, the hotel's café concept, brings the energy of Park Avenue into the space, offering a natural extension of the living room where guests can gather, work remotely, or recharge throughout the day. A curated art program from Soho Art Gallery brings personality, featuring commissioned original mixed-media art pieces, while a collection of Assouline and Taschen books enriches the space, reinforcing the hotel's sense of refined residential living.
LOCAL HOT SPOTS
True to the Kimpton brand, restaurants and bars are designed to stand alone as destinations in their own right, loved locally by the community and hotel residents alike. At Kimpton Ashbel, Park & Bel serves as both a neighborhood café and a social gathering place, positioned to become a go‑to spot along Park Avenue where guests can purchase expertly brewed coffee, reconnect with friends, or recharge in a cozy, thoughtfully appointed setting.
The menu transitions from artisanal baked goods, seasonal fruit, and hearty sandwiches in the morning to a selection of small plates designed for evening enjoyment, offering a relaxed and social complement to the space during later hours. Additionally, Kimpton Ashbel also offers guests a curated bar cart featuring à la carte premium cocktails, craft beer, and fine wine, adding a sense of occasion to every stay.
A COMMUNITY OF CONNECTION
At Kimpton Ashbel New York-Park Avenue, meaningful connection begins with comfort and ease. Every space within the Midtown Manhattan hotel is intentionally designed to invite conversation, curiosity, and serendipity, from chance meetings over morning coffee to travelers exchanging recommendations in the living room.
Mornings are energized by the signature Kimpton Kickstart program, featuring coffee and tea that set a positive tone for the day, while Park & Bel is available with a full café menu. In the evenings, Kimpton Social, the hotel's nightly hosted social hour, brings guests together over beer and wine in a relaxed and inviting atmosphere. Both the Kickstart program and Social Hour are complimentary for hotel guests.
Kimpton Ashbel joins Kimpton's growing portfolio of properties and destinations. Among the newest hotels to the portfolio include Kimpton Mirador Pacific Grove Monterey and Kimpton Miralina Resort & Villas. For more information or to book a stay at a Kimpton hotel, visit www.kimptonhotels.com or https://www.ihg.com/onerewards/content/us/en/tier-benefits.
NOTES TO EDITORS
IMAGERY
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About Kimpton Ashbel New York-Park Avenue:
Kimpton Ashbel New York-Park Avenue recently debuted in Midtown Manhattan as one of the city's newest Kimpton Hotels & Restaurants properties. Steps from Grand Central Station and surrounded by tree-lined streets, Gilded Age mansions, and classic architecture, the reimagined 1928 Beaux-Arts landmark features 205 stylish guestrooms and suites, many with sweeping views of Park Avenue and the
Inspired by
Kimpton Ashbel New York-Park Avenue embodies the brand's legacy of thoughtful hospitality, design-forward spaces, and a true sense of place in Midtown Manhattan. For more information, visit www.ashbelhotelnewyork.com.
About Kimpton
Kimpton, part of IHG Hotels & Resorts' luxury and lifestyle portfolio, pioneered the concept of hotels combining sophisticated, playful design with a more human guest experience in the
For more information, visit KimptonHotels.com.
About IHG Hotels & Resorts
IHG Hotels & Resorts (tickers: LON:IHG for Ordinary Shares; NYSE:IHG for ADRs) is a global hospitality company, with a purpose to provide True Hospitality for Good.
With a family of 20 hotel brands and IHG One Rewards, one of the world's largest hotel loyalty programs with over 145 million members, IHG has more than one million rooms and 6,800 open hotels in over 100 countries, and a development pipeline of over 2,300 properties.
- Luxury & Lifestyle: Six Senses, Regent, InterContinental, Vignette Collection, Kimpton, Hotel Indigo
- Premium: voco hotels, Ruby, HUALUXE Hotels & Resorts, Crowne Plaza Hotels & Resorts, EVEN Hotels
- Essentials: Holiday Inn Express, Holiday Inn Hotels & Resorts, Garner hotels, avid hotels
- Suites: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites
- Exclusive Partners: Iberostar Beachfront Resorts
InterContinental Hotels Group PLC is the Group's holding company and is incorporated and registered in
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SOURCE Kimpton Ashbel New York - Park Avenue
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