Kimpton Ashbel Hotel Opens in Historic Midtown Manhattan Landmark
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy IHG?
Source: Yahoo Finance
- Hotel Opening: The Kimpton Ashbel Hotel officially opens at 70 Park Avenue in Midtown Manhattan, featuring 205 guest rooms, including 14 family-friendly connecting rooms, designed to provide guests with a comfortable experience akin to that of a New Yorker.
- Design Concept: The hotel replaces the traditional lobby with interconnected residential-style spaces, including a foyer, living room, and family room, preserving historical architectural details that encourage guests to linger and socialize.
- Community Hub: The Park & Bel café within the hotel serves expertly brewed coffee and artisanal snacks, becoming a social gathering place for both locals and visitors, aiming to create a warm and inviting social environment.
- Unique Experience: Kimpton Ashbel enhances guest social experiences by offering complimentary morning coffee through its “Kickstart” program and evening “Social Hour,” reflecting the brand's commitment to fostering human connections.
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Analyst Views on IHG
Wall Street analysts forecast IHG stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 144.320
Low
135.00
Averages
135.00
High
135.00
Current: 144.320
Low
135.00
Averages
135.00
High
135.00
About IHG
InterContinental Hotels Group PLC is a United Kingdom-based global hospitality company. The Company has a diverse portfolio of differentiated brands. With 20 hotel brands and IHG One Rewards, which is a hotel loyalty program, the Company has approximately 6,600 open hotels in more than 100 countries, and a development pipeline of over 2,200 properties. The Company’s brands include Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco hotels, HUALUXE Hotels & Resorts, Crowne Plaza Hotels & Resorts, EVEN Hotels, Holiday Inn Express, Holiday Inn Hotels & Resorts, Garner hotels, avid hotels, Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites, Iberostar Beachfront Resorts, and Ruby. Ruby brand operates approximately 20 hotels (3,483 rooms) in cities across Europe and has another 10 pipeline hotels (2,235 rooms).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Kimpton Ashbel Hotel Opens in Historic Midtown Manhattan Landmark
- Hotel Opening: The Kimpton Ashbel Hotel officially opens at 70 Park Avenue in Midtown Manhattan, featuring 205 guest rooms, including 14 family-friendly connecting rooms, designed to provide guests with a comfortable experience akin to that of a New Yorker.
- Design Concept: The hotel replaces the traditional lobby with interconnected residential-style spaces, including a foyer, living room, and family room, preserving historical architectural details that encourage guests to linger and socialize.
- Community Hub: The Park & Bel café within the hotel serves expertly brewed coffee and artisanal snacks, becoming a social gathering place for both locals and visitors, aiming to create a warm and inviting social environment.
- Unique Experience: Kimpton Ashbel enhances guest social experiences by offering complimentary morning coffee through its “Kickstart” program and evening “Social Hour,” reflecting the brand's commitment to fostering human connections.
See More
Kimpton Ashbel Hotel Opens in Midtown Manhattan
- Hotel Opening: The Kimpton Ashbel Hotel officially opened on April 22, 2026, at 70 Park Avenue in Midtown Manhattan, featuring 205 guest rooms, including 14 family-friendly connecting rooms, aiming to provide guests with a comfortable experience reminiscent of a stylish New Yorker's home, thereby enhancing luxury hotel options in the area.
- Design Concept: The hotel replaces the traditional lobby with interconnected residential-style spaces, including a foyer, living room, and family room, preserving historical architectural details to encourage guests to linger and socialize, which enhances the sense of belonging among visitors.
- Neighborhood Café: The Park & Bel café within the hotel serves as both a gathering spot for locals and guests, offering expertly brewed coffee and artisanal baked goods in the morning, transitioning to small plates in the evening, thereby enriching the social atmosphere of the hotel.
- Social Activities: The hotel introduces the “Kickstart” morning coffee program and “Social Hour” evening gatherings, designed to create a relaxed social environment for guests, thereby enhancing community feel and customer loyalty.
See More
Kimpton Ashbel Hotel Opens in Midtown Manhattan
- Hotel Opening: The Kimpton Ashbel Hotel officially opened on April 22, 2026, at 70 Park Avenue in Midtown Manhattan, featuring 205 guest rooms, including 14 family-friendly connecting rooms, aimed at providing guests with a residential experience akin to a Manhattan townhouse, enhancing luxury hotel options in the area.
- Design Concept: Inspired by classic Manhattan townhouses, the hotel features soft palettes and spacious interiors designed to create a comfortable retreat for guests, replacing traditional hotel lobbies with interconnected spaces that encourage socializing and working within the hotel.
- Social Spaces: The hotel's central living room serves as a gathering place, equipped with a floating open-space banquette and library, while the adjacent Park & Bel café offers an ideal spot for guests to relax and work, further enhancing the community atmosphere of the hotel.
- Community Connection: Kimpton Ashbel fosters guest interaction through complimentary morning coffee and evening social hours, emphasizing the brand's commitment to human connections and aiming to create unique experiences for every guest.
See More
InterContinental Hotels Group Repurchases 20,000 Shares
- Purchase Overview: InterContinental Hotels Group repurchased 20,000 ordinary shares on April 21, 2026, through Goldman Sachs International on the London Stock Exchange, with prices ranging from $143.75 to $147.90 per share and an average price of $145.6354, reflecting the company's confidence in its stock value.
- Shareholder Authorization: The repurchase was executed under the authority granted by shareholders at the Annual General Meeting on May 8, 2025, indicating the company's proactive capital management strategy aimed at enhancing earnings per share and shareholder returns.
- Share Cancellation Plan: The company intends to cancel the repurchased shares, reducing the total outstanding shares to 150,131,125 (excluding 5,431,782 treasury shares), which will further increase the value of remaining shares.
- Market Reaction Expectations: This repurchase not only boosts market confidence in InterContinental Hotels Group's stock but may also attract more investor attention, potentially driving the stock price higher in the future.
See More
InterContinental Hotels Group Share Buyback Announcement
- Share Buyback Plan: InterContinental Hotels Group repurchased 10,000 ordinary shares on April 7, 2026, through Goldman Sachs International on the London Stock Exchange, with prices ranging from $130.60 to $133.95 and an average price of $132.05, reflecting the company's confidence in its stock value.
- Shareholder Authorization: The buyback was executed under the authority granted at the shareholders' meeting on May 8, 2025, indicating the company's commitment to transparency in capital management and prioritizing shareholder interests, aimed at enhancing earnings per share and shareholder returns.
- Share Cancellation Plan: The company intends to cancel the repurchased shares, resulting in a total of 150,266,474 ordinary shares outstanding (excluding 5,431,782 treasury shares), which will further improve earnings per share.
- Market Reaction Expectations: This buyback action is expected to have a positive impact on the market, boosting investor confidence and likely enhancing the company's stock performance and long-term value.
See More
InterContinental Hotels Group Repurchases 15,000 Ordinary Shares
- Purchase Overview: InterContinental Hotels Group repurchased 15,000 ordinary shares on April 2, 2026, through Goldman Sachs International on the London Stock Exchange, with prices ranging from $130.40 to $135.10 and an average of $132.25, reflecting the company's confidence in its stock value.
- Shareholder Authorization: This repurchase was conducted under the authority granted by shareholders at the Annual General Meeting on May 8, 2025, indicating proactive capital management aimed at enhancing earnings per share and shareholder returns.
- Share Cancellation Plan: The company intends to cancel the repurchased shares, which is expected to further reduce the number of outstanding shares, thereby increasing the value of remaining shares and boosting investor confidence.
- Current Share Status: Following the repurchase, the total number of ordinary shares in circulation for InterContinental Hotels Group stands at 150,276,474, excluding 5,431,782 shares held in treasury, demonstrating a robust strategy in capital management.
See More
Kimpton Ashbel Hotel Opens in Historic Midtown Manhattan Landmark
- Hotel Opening: The Kimpton Ashbel Hotel officially opens at 70 Park Avenue in Midtown Manhattan, featuring 205 guest rooms, including 14 family-friendly connecting rooms, designed to provide guests with a comfortable experience akin to that of a New Yorker.
- Design Concept: The hotel replaces the traditional lobby with interconnected residential-style spaces, including a foyer, living room, and family room, preserving historical architectural details that encourage guests to linger and socialize.
- Community Hub: The Park & Bel café within the hotel serves expertly brewed coffee and artisanal snacks, becoming a social gathering place for both locals and visitors, aiming to create a warm and inviting social environment.
- Unique Experience: Kimpton Ashbel enhances guest social experiences by offering complimentary morning coffee through its “Kickstart” program and evening “Social Hour,” reflecting the brand's commitment to fostering human connections.
See More
Kimpton Ashbel Hotel Opens in Midtown Manhattan
- Hotel Opening: The Kimpton Ashbel Hotel officially opened on April 22, 2026, at 70 Park Avenue in Midtown Manhattan, featuring 205 guest rooms, including 14 family-friendly connecting rooms, aiming to provide guests with a comfortable experience reminiscent of a stylish New Yorker's home, thereby enhancing luxury hotel options in the area.
- Design Concept: The hotel replaces the traditional lobby with interconnected residential-style spaces, including a foyer, living room, and family room, preserving historical architectural details to encourage guests to linger and socialize, which enhances the sense of belonging among visitors.
- Neighborhood Café: The Park & Bel café within the hotel serves as both a gathering spot for locals and guests, offering expertly brewed coffee and artisanal baked goods in the morning, transitioning to small plates in the evening, thereby enriching the social atmosphere of the hotel.
- Social Activities: The hotel introduces the “Kickstart” morning coffee program and “Social Hour” evening gatherings, designed to create a relaxed social environment for guests, thereby enhancing community feel and customer loyalty.
See More
Kimpton Ashbel Hotel Opens in Midtown Manhattan
- Hotel Opening: The Kimpton Ashbel Hotel officially opened on April 22, 2026, at 70 Park Avenue in Midtown Manhattan, featuring 205 guest rooms, including 14 family-friendly connecting rooms, aimed at providing guests with a residential experience akin to a Manhattan townhouse, enhancing luxury hotel options in the area.
- Design Concept: Inspired by classic Manhattan townhouses, the hotel features soft palettes and spacious interiors designed to create a comfortable retreat for guests, replacing traditional hotel lobbies with interconnected spaces that encourage socializing and working within the hotel.
- Social Spaces: The hotel's central living room serves as a gathering place, equipped with a floating open-space banquette and library, while the adjacent Park & Bel café offers an ideal spot for guests to relax and work, further enhancing the community atmosphere of the hotel.
- Community Connection: Kimpton Ashbel fosters guest interaction through complimentary morning coffee and evening social hours, emphasizing the brand's commitment to human connections and aiming to create unique experiences for every guest.
See More
InterContinental Hotels Group Repurchases 20,000 Shares
- Purchase Overview: InterContinental Hotels Group repurchased 20,000 ordinary shares on April 21, 2026, through Goldman Sachs International on the London Stock Exchange, with prices ranging from $143.75 to $147.90 per share and an average price of $145.6354, reflecting the company's confidence in its stock value.
- Shareholder Authorization: The repurchase was executed under the authority granted by shareholders at the Annual General Meeting on May 8, 2025, indicating the company's proactive capital management strategy aimed at enhancing earnings per share and shareholder returns.
- Share Cancellation Plan: The company intends to cancel the repurchased shares, reducing the total outstanding shares to 150,131,125 (excluding 5,431,782 treasury shares), which will further increase the value of remaining shares.
- Market Reaction Expectations: This repurchase not only boosts market confidence in InterContinental Hotels Group's stock but may also attract more investor attention, potentially driving the stock price higher in the future.
See More
InterContinental Hotels Group Share Buyback Announcement
- Share Buyback Plan: InterContinental Hotels Group repurchased 10,000 ordinary shares on April 7, 2026, through Goldman Sachs International on the London Stock Exchange, with prices ranging from $130.60 to $133.95 and an average price of $132.05, reflecting the company's confidence in its stock value.
- Shareholder Authorization: The buyback was executed under the authority granted at the shareholders' meeting on May 8, 2025, indicating the company's commitment to transparency in capital management and prioritizing shareholder interests, aimed at enhancing earnings per share and shareholder returns.
- Share Cancellation Plan: The company intends to cancel the repurchased shares, resulting in a total of 150,266,474 ordinary shares outstanding (excluding 5,431,782 treasury shares), which will further improve earnings per share.
- Market Reaction Expectations: This buyback action is expected to have a positive impact on the market, boosting investor confidence and likely enhancing the company's stock performance and long-term value.
See More
InterContinental Hotels Group Repurchases 15,000 Ordinary Shares
- Purchase Overview: InterContinental Hotels Group repurchased 15,000 ordinary shares on April 2, 2026, through Goldman Sachs International on the London Stock Exchange, with prices ranging from $130.40 to $135.10 and an average of $132.25, reflecting the company's confidence in its stock value.
- Shareholder Authorization: This repurchase was conducted under the authority granted by shareholders at the Annual General Meeting on May 8, 2025, indicating proactive capital management aimed at enhancing earnings per share and shareholder returns.
- Share Cancellation Plan: The company intends to cancel the repurchased shares, which is expected to further reduce the number of outstanding shares, thereby increasing the value of remaining shares and boosting investor confidence.
- Current Share Status: Following the repurchase, the total number of ordinary shares in circulation for InterContinental Hotels Group stands at 150,276,474, excluding 5,431,782 shares held in treasury, demonstrating a robust strategy in capital management.
See More
