KIMPTON ASHBEL NEW YORK - PARK AVENUE REINTERPRETS THE CLASSIC MANHATTAN TOWNHOUSE THROUGH A DESIGN-LED LENS
Kimpton Ashbel New York - Park Avenue (IHG) is a newly reimagined 1928 Beaux-Arts landmark in Midtown Manhattan with 205 guestrooms and suites, many overlooking Park Avenue and the Empire State Building.
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Rhea-AI Summary
Kimpton Ashbel New York - Park Avenue (IHG) is a newly reimagined 1928 Beaux-Arts landmark in Midtown Manhattan with 205 guestrooms and suites, many overlooking Park Avenue and the Empire State Building.
The hotel offers townhouse-inspired, residential-style interiors, a living room-centered lobby, and Park & Bel café, and forms part of IHG's luxury and lifestyle portfolio.
Details
News Market Reaction – IHG
On May 29, the first trading day after this news, IHG closed 2.00% below the previous close.
Data tracked by StockTitan Argus for the May 29 session.
Key Figures
- Guestrooms and suites
- 205 rooms
- Kimpton Ashbel New York - Park Avenue property size
- Connecting rooms
- 14 rooms
- Family-friendly specialty suites configuration
- Penthouse bathrooms
- 4 bathrooms
- Penthouse Suite configuration
- Penthouse terraces
- 2 terraces
- Penthouse Suite outdoor spaces
- IHG hotel brands
- 20 brands
- IHG global brand portfolio
- Open hotels
- more than 6,600
- IHG global operating footprint
- Development pipeline
- over 2,200 properties
- IHG hotels in development
- IHG One Rewards members
- over 145 million
- Size of IHG loyalty programme
Historical Context
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Buyback of 10,000 shares for cancellation, reducing shares in issue.
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Purchase of 20,000 shares on LSE under existing buyback authority.
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Repurchase of 40,000 shares with intention to cancel, mixed price reaction.
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Repurchase of 38,728 shares between $149.20 and $151.85 for cancellation.
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Buyback of 41,000 shares, modest negative next-day move despite capital return.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
beaux-arts technical
adrs financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
A historic 1928 Beaux-Arts landmark is transformed into a layered, residential-inspired retreat defined by bespoke craftsmanship, architectural intimacy, and playful refinement
Designed by Busta Studio, the interiors draw from the scale and character of a classic
A custom inlaid mosaic featuring the property's "K.A." initials establish a strong sense of place from the outset. From there, the ground floor unfolds as a sequence of residential-style spaces rather than a conventional hotel lobby, transitioning naturally into a living room and family room connected through oversized wood portals that integrate preserved columns, original steps, and historic window openings. This architectural flow maintains the building's historic integrity while creating an intimate, layered environment that encourages guests to slow down and settle in.
"Our approach was to treat Kimpton Ashbel as a true Park Avenue townhouse rather than a conventional hotel," said Anna Busta, founder of Busta Studio. "We focused on proportion, materiality, and architectural detail to create spaces that feel layered and personal. The design is rooted in the building's history, but intentionally relaxed, with moments of warmth and quiet surprise."
Throughout the property, a restrained material palette of hand-brushed limed oak paneling, Bianco Dolomiti and Pietra marble, artisanal plaster ceilings, and hand-cast bronze and glass details create a calm architectural framework. Softer furnishings and subtle pops of color introduce warmth and personality, including jade green sofas in the lobby echoed in guestroom headboards for continuity.
Set within the heart of the building is the living room, designed as a place to linger, anchored by a stone fireplace mantel, built-in seating, a floating banquette, and an integrated library. Public spaces are activated through thoughtful social elements, including two custom beverage carts designed for Kimpton's signature social hour and Park & Bel, a café concept. The café transitions naturally from morning breakfast service, to an evening gathering place offering a collection of small plates, reinforcing the hotel's residential sensibility and neighborhood appeal.
Every element of Kimpton Ashbel is custom designed for the property, with particular attention given to the guestrooms as private extensions of the townhouse experience. Bespoke millwork, integrated headboards with built-in lighting and charging, and carefully proportioned furnishings create spaces that feel both residential and refined. In the guest bathrooms, custom-fitted cabinetry, oversized showers, and thoughtfully selected finishes maximize comfort and functionality while maintaining the hotel's cohesive design language. Specialty suites range from 14 family-friendly connecting rooms to the Penthouse Suite, which can be booked as a two-bedroom retreat with four bathrooms and two grand terraces.
Art is woven throughout public and private spaces. A site-specific collection curated by Soho Art Gallery features commissioned mixed-media works by Aida Subira, Natalie Ciccoricco, Robin Ahlgren and local artist Eric Blum. A curated library sourced from Assouline and Taschen adds further depth, reflecting interests spanning travel, architecture, fashion, and contemporary culture.
"With Kimpton Ashbel, our goal was to create a hotel that feels lived-in rather than staged," said Sofia L. Vandaele, Regional Director of Operations for IHG Luxury & Lifestyle in
With a unified design language carried throughout, Kimpton Ashbel New York - Park Avenue stands as a contemporary reinterpretation of the
Kimpton Ashbel New York - Park Avenue is now accepting reservations. For more information, visit www.ashbelhotelnewyork.com.
About Kimpton Ashbel:
Kimpton Ashbel 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
About IHG®:
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 programmes with over 145 million members, IHG has more than 6,600 open hotels in over 100 countries, and a development pipeline of over 2,200 properties.
- Luxury & Lifestyle: Six Senses, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, 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
About Kimpton:
Kimpton, part of IHG Hotels & Resorts' luxury and lifestyle portfolio, is the original boutique hotel company, which pioneered the concept of unique, distinctive, design-forward hotels in
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SOURCE Kimpton Ashbel New York - Park Avenue
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