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Jim Alderman Named Senior Vice President Acquisitions
and Development for Kimpton Hotels & Restaurants

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San Francisco, August 2, 2005 – Jim Alderman was recently named senior vice president of acquisitions and development for Kimpton Hotels & Restaurants.  In this role, he will be responsible for directing and coordinating all Kimpton property acquisitions, negotiations of management contracts, and identifying new hotel and restaurant opportunities in the southeast and southwest.

“As Kimpton continues to follow an aggressive development expansion program and seeks opportunistic investments for the Kimpton affiliated $157.1 million KHP Fund, it is imperative to have strong deal makers and skilled negotiators at the helm, said Mike Depatie, CEO of Kimpton Real Estate.  “Jim Alderman’s extensive experience in the real estate and hospitality industry will enable him to be a key contributor to Kimpton’s growth.”

Alderman will join Kimpton’s experienced real estate development and acquisition team of Mike Depatie, Joe Long, Afzal Hemani, Troy Furbay and Dina Koss.

Before joining Kimpton, Alderman was senior vice president of development, North America, for Starwood Hotels and Resorts Worldwide.  In this position, he was responsible for management contracts and franchised development throughout the United States, Canada, and the Caribbean for Starwood’s St. Regis, Sheraton, Westin, Luxury Collection, and Four Points by Sheraton brands. 

“We are extremely fortunate to have someone of Jim’s talents and accomplishments join our team,” said Joe Long, executive vice president acquisitions and development of Kimpton.  “Jim’s industry visibility and extensive transactional experience will help to solidly position us to take advantage of strategic opportunities that align with our overall acquisition and development goals.”

Jim will be based in Atlanta, Georgia.

San Francisco-based Kimpton Hotels & Restaurants is a unique collection of boutique hotels coupled with chef-driven, high-profile restaurants. Kimpton currently operates 39 boutique hotels with restaurants throughout the United States and Canada. 

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Contact:

Jamie Law
Public Relations Coordinator
Kimpton Hotels & Restaurants
222 Kearny Street, Suite 200
San Francisco, CA 94108
(415) 955-5495
jamie.law@kimptongroup.com
www.kimptonhotels.com

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Also See: Kimpton's Acquisition Fund Acquires First Property, the Former Radisson Barcelo Hotel in Washington D.C.; Hotel Will Receive $32 million Renovation to Transform to Hotel Palomar / July 2005
Former Mockingbird Hilton on Dallas' North Central Expressway Acquired; $80 million Renovation Planned to Convert Former Hotel and Site to a Kimpton Hotel and Condominiums / November 2004


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