Parkes Development Group and Kimpton Hotels & Restaurants plan to convert the historic Traction Building at Fifth and Walnut streets in downtown Cincinnati, Ohio into a 152 guest room Kimpton branded boutique hotel. The Kimpton Hotel will include three food and beverage venues, a rooftop bar, as well as a grand ballroom and meeting rooms. The building will be operated by Kimpton Hotels & Restaurants, a brand of InterContinental Hotels Group. Parkes Development Group acquired the 15-story building for $3.3 million in 2018. The hotel will open in 2026 at a cost $90 million.
For detailed information on upcoming hotel developments, construction & renovation projects in the planning, design, pre-construction and construction phases including who is involved plus their contact information and our Preferred Vendor Directory & featured vendors, hotel listings, & supplier marketplace please visit: HotelProjectLeads.com and subscribe today.