Marcus Hotels & Resorts, owner and management company and division of The Marcus Corporation, has announced that it has formed a joint venture with funds managed by Searchlight Capital Partners, a global private investment firm, to co-invest in lifestyle hotels, resorts, and high-quality full-service properties. Through this joint venture, Marcus Hotels & Resorts and Searchlight Capital Partners announced the acquisition of the Kimpton Hotel Monaco Pittsburgh, which Marcus Hotels & Resorts will manage. The hotel will remain within the Kimpton brand.
Located in the nearly 120-year-old historic James H. Reed building that was redeveloped in 2015, Kimpton Hotel Monaco Pittsburgh is a 248-room, nine-story hotel situated in the center of downtown Pittsburgh across from Mellon Square Park.
Photo: Courtesy of Marcus Hotels & Resorts