What Kimpton Hotel Monaco Salt Lake City does

Kimpton Hotel Monaco Salt Lake City is a 225-room boutique hotel operated under the Kimpton brand within the IHG Hotels & Resorts portfolio, located in a 1924 Continental Bank building at 15 West 200 South in downtown Salt Lake City. The property serves business travelers, leisure and ski tourists, wedding and social event planners, convention attendees, families, and pet owners, with on-site amenities including the Bambara restaurant (European-inspired modern American cuisine), The Vault cocktail bar (set in the original bank vault), and 3,100+ sq ft of meeting and event space comprising the Paris Ballroom, Bombay Room, and Tokyo Boardroom. Revenue is generated across five streams: nightly guest room rentals with seasonal and demand-based pricing, food and beverage (Bambara and The Vault), meetings and events with catering, the Cork & Key Society annual membership program ($250 per person / $350 per couple), and ancillary services including group bookings, weddings, and in-room spa partnerships. The property runs on IHG's central reservation system and benefits from IHG One Rewards distribution, while differentiating through preserved historic architecture, sustainability operations (motion-activated HVAC, 34% water reduction, refillable amenities), pet-friendly policies with no restrictions, and editorial recognition including AAA Four Diamond and TripAdvisor Travelers' Choice 2025.

The go-to-market combines direct enterprise sales for corporate accounts, weddings, and group bookings with direct-to-consumer distribution through the hotel website, IHG.com and mobile app, phone reservations, and walk-ins. Pricing is variable: standard nightly rates, AAA 20% discount, suite bookings up to 30% off via IDKT2 code, Mini Group Rates for 5-9 rooms booked 29+ days in advance, and negotiated corporate rates. The property's competitive position rests on its 3-minute walk to the Salt Palace Convention Center, 14-minute walk to the Delta Center, and proximity to ski resorts (Alta, Snowbird, Park City, Deer Valley) — anchoring both convention-driven midweek demand and ski-season weekend demand. Brand-level technology depends on IHG platforms for booking, loyalty, and revenue management rather than proprietary systems at the property level.

Name

Kimpton Hotel Monaco Salt Lake City

Legal name

Kimpton Hotel & Restaurant Group, LLC

Website

https://monaco-saltlakecity.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Kimpton Hotel Monaco Salt Lake City is a 225-room boutique hotel in a 1924 historic bank building in downtown Salt Lake City, operated under IHG's Kimpton brand and serving business, leisure, wedding, and convention travelers with rooms, F&B and event venues.

Ownership category

akta.pro rank

Product category

Boutique Hotels

NAICS

Hotels (except Casino Hotels) and Motels (721110), Accommodation and Food Services (72), Traveler Accommodation (7211)

SIC

Hotels & Motels (7011), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Urban & Downtown Full-Service Hotels (THAGAAAA)

akta.pro secondary industries

Resort-Area Full-Service Hotels (Non–All-Inclusive) (THAGAAAD), Business & Corporate Full-Service Hotels (THAGAAAE), Hotel & Resort Restaurants (THAFACAH)

Keywords

• Boutique hotel accommodation
• Wedding event venues
• Hotel meeting spaces
• Fine dining restaurant
• Luxury hospitality services

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Guest Room Rentals: Primary revenue stream from 225 hotel rooms and suites. Variable pricing based on season, demand, room type, and booking channel. Includes extended stays and ski season bookings.
2. Food & Beverage - Bambara Restaurant: Award-winning upscale European-inspired restaurant serving modern American cuisine. Brunch, lunch, dinner service. Private dining room for up to 22 guests. Seasonal menus emphasizing local ingredients.
3. Food & Beverage - The Vault Bar: Intimate cocktail bar in former bank vault space. Serves crafted cocktails and light bites. 40-person capacity. Friday-Saturday extended hours.
4. Meetings & Events: Over 3,100 sq ft of flexible meeting space including Paris Ballroom, Bombay Room, and Tokyo Boardroom. Catering services from Bambara. Hosts corporate meetings, social events, weddings, holiday parties.
5. Cork & Key Society Membership: Annual membership program offering dining perks, complimentary night stay, meeting room access, and exclusive events. $250/person or $350/couple annually.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Kimpton Hotel Monaco Salt Lake City operates a 225-room luxury boutique hotel housed in a converted 1924 bank building in downtown Salt Lake City. Core offerings include individually styled guest rooms and specialty suites, the Bambara restaurant and The Vault cocktail bar, more than 3,100 sq ft of meeting and event space, full-service wedding packages, group travel block bookings, and the annual Cork & Key Society membership program. Revenue is driven by nightly room rentals, food and beverage operations, meeting and wedding catering, and ancillary amenities such as pet-friendly accommodations and sustainability programs.

Product overview

Kimpton Hotel Monaco Salt Lake City is a 225-room luxury boutique hotel offering a unified hospitality experience centered on bold historic design, personalized Kimpton service, and a dynamic blend of business and leisure amenities. The core product portfolio spans overnight accommodations (10+ room and suite categories ranging from 330–550+ sq ft), two distinct dining and beverage venues (Bambara restaurant and The Vault cocktail bar), and over 3,100 sq ft of flexible meeting and event space including the Paris Ballroom, catering by Bambara, multimedia A/V support, fitness and wellness facilities, spa services, and an eco-conscious sustainability program. Ancillary offerings include group travel packages, full-service wedding coordination, a pet-friendly program (Pets Stay Free, no restrictions), family-friendly accommodations, and the Cork & Key Society loyalty membership program. The property is managed under the IHG Hotels & Resorts brand umbrella and participates in the IHG One Rewards loyalty program.

Differentiator

Problem solved

Functional benefit

Brands

• Bambara: Award-winning upscale modern bistro offering European-inspired cuisine with local, seasonal ingredients. Located in the former bank lobby space.
• The Vault
• Cork & Key Society

Quantifiable outcome

• Water consumption reduced by 34% through low-flow fixtures
• +4 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Clean the WorldcoreStrategic or Co-development PartnerSoap recycling partnership where unused bar soap portions are recycled to provide hygiene kits for impoverished communities worldwide and areas recovering from natural disasters. Aligns with hotel's sustainability and social responsibility mission.
• Atelier BloemcoreStrategic or Co-development PartnerBath amenity supplier providing large, refillable shampoo, conditioner, and shower gel amenities that eliminate small plastic bottle waste. Supports hotel's sustainability goals.
• Mountain ThreadsminorGTM or Marketing PartnerSki gear rental partner providing guests exclusive discount on equipment including ski jackets, pants, base layers, and goggles. Gear must be reserved seven days in advance. Contact front desk for discount code.
• Salt Palace Convention CentercoreStrategic or Co-development PartnerAdjacent convention facility (3-minute walk) featuring 515,000 sq ft exhibition space, 164,000 sq ft meeting space, and 45,000 sq ft ballroom. Hosted 2002 Winter Olympics media center. Primary customer acquisition channel for business travelers.
• Delta CenterminorStrategic or Co-development Partner14-minute walk to Delta Center (formerly Energy Solutions Arena), home of Utah Jazz (NBA) and Utah Mammoth (NHL). Premier entertainment venue hosting concerts, family shows, and sporting events. Draws visitors seeking nearby accommodations.
• IHG Hotels & ResortscoreStrategic or Co-development PartnerParent company and global distribution partner. Manages reservation system, IHG One Rewards loyalty program, global brand standards, and marketing platforms. Property operated by IHG affiliate.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Hotel Emma (San Antonio): Independent luxury boutique hotel converted from a 19th-century brewhouse in downtown San Antonio. Closely comparable on historic adaptive-reuse positioning, F&B-anchored experience, and urban cultural-tourism demand.
• Little America Hotel Salt Lake City: Long-established full-service hotel in downtown Salt Lake City with comparable meeting space, F&B, and proximity to the convention center. Direct competitor for the same corporate and convention demand.
• Kimpton Hotel Monaco Denver: Sibling Kimpton Monaco property in downtown Denver — a comparable urban boutique conversion serving a mountain-gateway market with similar ski/leisure and convention demand mix.
• The Grand America Hotel: Luxury full-service hotel in Salt Lake City offering comparable rooms, F&B, and convention/event space. Closest direct competitor for premium downtown SLC business and leisure stays.
• The Liberty Hotel Boston: Boutique hotel converted from the historic Charles Street Jail in downtown Boston. Comparable adaptive-reuse luxury boutique positioning, on-site F&B venues, and event programming.
• Kimpton Hotel Monaco Chicago: Same Kimpton Monaco brand and historic-building adaptive-reuse concept in downtown Chicago. Directly comparable urban boutique positioning, F&B venues, event programming, and IHG distribution.
• Kimpton Hotel Monaco Philadelphia: Same Kimpton Monaco brand in a historic downtown building in Philadelphia. Most directly comparable on adaptive-reuse character, room count scale, F&B programming, and event positioning.

Emerging players

• 21c Museum Hotel Salt Lake City (now part of a broader lifestyle portfolio): Lifestyle boutique hotel brand with a Salt Lake City property focused on art, culture, and curated guest experience. Competes for the design-driven, experience-led leisure and bleisure traveler segment in SLC.

Broad incumbents

• Hilton Salt Lake City Center: Major-brand full-service downtown Salt Lake City hotel targeting business and convention travelers. Comparable product positioning with the advantage of Hilton's larger global distribution and loyalty network.
• Hyatt Regency Salt Lake City: Larger convention-focused full-service hotel adjacent to Salt Palace Convention Center. Competes for the same group and convention attendees but operates at broader scale with more meeting space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/monacoslc
• LinkedInlinkedin.com/company/kimpton-hotel-monaco-salt-lake-city

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kimpton Hotel Monaco Salt Lake City