Kimpton Museum Palace - Park Avenue — Photo by Kimpton Hotels & Restaurants
Kimpton Museum Palace - Paseo 01 — Photo by Kimpton Hotels & Restaurants

SAN FRANCISCO -- Kimpton Hotels & Restaurants announced today its first property in San Jose, California at Museum Place, a mixed-use development by Insight Realty Company that will also expand the Tech Museum of Innovation, slated to open in 2021.

Museum Place will include a four star 173-room Kimpton hotel, three-hundred residential units, retail, restaurants and will increase the size of the Tech Museum by 54,000 square feet. The development will also include 250,000 square feet of first-class creative office space designed to foster an open and collaborative environment among workers.

The new Kimpton hotel will include approximately 8,000 square feet of meeting space, a full service restaurant, a fast-casual Café, a sixth-floor bar and an outdoor pool and fitness center. The international design firm Steinberg was selected as the architect. The project will also improve an existing pedestrian promenade that connects Park Avenue to the San Jose Convention Center and VTA Light Rail station on San Carlos Ave.

Owned and developed by Insight Realty Company and its partner China New Era Group Corporation, this iconic project will be in the heart of downtown San Jose, just one block from the Convention Center, near SAP Center and close to major companies with nearby offices including Adobe, Cisco Systems, IBM and PayPal.

"Not only is San Jose the epicenter of the technology industry, it's also a world class city and the ideal place for a Kimpton hotel and restaurant," said Mike DeFrino, Kimpton Hotels & Restaurants' CEO. "With professional sports, a state-of-the-art entertainment and a burgeoning downtown, the Museum Place project is the perfect venue for us to introduce our brand of heartfelt hospitality to the Silicon Valley. We're delighted to partner with Insight Realty on this one-of-a-kind urban retreat."

This project will join Kimpton's nine properties in California cities, including San Francisco, Los Angeles, Santa Barbara and San Diego; hotels in Palm Springs, Sacramento, Hollywood and West Hollywood are slated to open later this year.

"Kimpton is a leader in creating world class hotels," said Dennis Randall, Managing Director of Insight Realty Company. "We know this partnership will help create a new vibrant neighborhood in the center of downtown San Jose. Kimpton's expertise will add a true sense of place to this project and we are very excited to have Kimpton as part of the team."

ABOUT INSIGHT REALTY COMPANY Insight Realty Company is a partnership of institutionally experienced commercial and residential real estate investment and development professionals with a focus on insightful value creation in resilient and creative markets in the Western United States. Insight has been investing and developing in Downtown San Jose for over 15 years and the executive team brings more than 70 years of proven experience to every opportunity.

About Kimpton Hotels & Restaurants

San Francisco-based Kimpton Hotels & Restaurants is the original boutique hotel brand, which pioneered the concept of unique, distinctive, design-forward hotels in the United States in 1981. Anchored in one-of-a-kind experiences, Kimpton now operates more than 60 hotels and 80 restaurants, bars and lounges across urban locations, resort destinations and up-and-coming markets in the United States, Canada, Europe, Caribbean and Greater China. Kimpton spaces and experiences center on its guests, offering inspiring design that evokes curiosity to forward-thinking flavors that feed the soul. Every detail is thoughtfully curated and artfully delivered, so that guest experiences remain meaningful, unscripted and ridiculously personal.

Kimpton's employees, empowered to provide heartfelt service and experiences, have built a highly regarded workplace culture that appears consistently on FORTUNE magazine's "100 Best Companies to Work For" list. As a result, Kimpton has been awarded, "Highest in Guest Satisfaction Among Upper Upscale Hotel Chains" by J.D. Power three times.

In January 2015, Kimpton became part of the InterContinental Hotels Group (IHG) family of hotel brands. For more information, visit www.KimptonHotels.com.