Kimpton and Makar Properties Join Forces on Newest Southern California Hotel, to Open July 2014

New Boutique Property in Goleta, Calif. Will Be a Free Spirited Oasis Along the Central Coast

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. May 20, 2014

May 20, 2014 - Kimpton Hotels & Restaurants announced today a new partnership with Makar Properties to open its newest boutique hotel in Goleta, Calif., The Goodland. The Goodland marks Kimpton's seventh property in Southern California and its second in Santa Barbara County, joining the Canary Hotel. The Goodland is owned by Makar Properties, a diversified real estate and investment company headquartered in Newport Beach.

Neighboring Santa Barbara and situated on Goleta's Calle Real strip, the 158-room hotel will be a place of social engagement where visitors gather to enjoy the Coastal Californian lifestyle. The Goodland will feature a variety of nostalgic Americana amenities and programming including: a vintage house car, record concierge, curated art program, lobby photo booth, Mexican Coca-Cola and Coronita upon arrival and eclectically coastal appointed guestrooms designed by Santa Monica-based Studio Collective.

“The Goodland has all the characteristics of a traditional surf lodge and will provide guests with culturally relevant arts, events and experiences making it a must-visit destination along the Southern California coast,” said General Manager Jeremy Wilhide. “It's the perfect home base for those seeking a slow burn vibe and rich social scene, alongside the stylish and personal approach expected from the Kimpton brand.”

Under the helm of Executive Chef Derek Simcik, the hotel's dining venues will spotlight simple but flavorful fare. Outpost at The Goodland, the hotel's main restaurant, complemented by Good Bar, the hotel's lobby bar, will feature menu items inspired by the diversity of the Southern California coast. In addition, The Goodland's poolside service will match the vibrant outdoor scene. Poolside bar options will include specialty-crafted cocktails, buckets of beer and spiked-aqua frescas.

The Goodland will also feature a spa, movement studio and more than 4,500 square feet of indoor meeting space as well as pre-function space and an event lawn for weddings, musical performances and other social events.

“We're thrilled to be expanding our footprint in Southern California with The Goodland,” said Kimpton Chief Executive Officer Michael Depatie. “Just a short distance from downtown Santa Barbara, Goleta is an emerging destination in and of itself, home to beautiful beaches and Fortune 500 companies alike. To be a part of this continued development is quite exciting and we look forward to helping to build further awareness for this ever popular Santa Barbara area destination.” Kimpton was selected to manage and operate the hotel by Makar Properties. Founded by Paul Makarechian in 2001, Makar Properties has been involved in the development and asset management of an extensive portfolio of hotels and residential properties including St. Regis Monarch Beach in Dana Point, Calif. and Korakia Pensione in Palm Springs.

“We selected Kimpton for this project because of its fantastic reputation,” said President and CEO Paul Makarechian. “The brand is the perfect partner for the stylish, fun and easy-going atmosphere we're creating at The Goodland. We're excited to have the Kimpton team make this hotel opening our most successful yet.”

About Kimpton Hotels & Restaurants

San Francisco-based Kimpton Hotels & Restaurants is the leading collection of boutique hotels and restaurants in the United States and the acknowledged industry pioneer that first introduced the boutique hotel concept to America. In 1981, Bill Kimpton founded the company that today is renowned for making travelers feel genuinely cared for while away from home through thoughtful perks and amenities, distinctive design that tells a story and inspires a sense of fun at each hotel and a sincerely personal style of guest service. Out to help people live full, balanced lives, Kimpton aims to inspire with touches like yoga mats in every room, complimentary coffee and tea to start the day, hosted evening Wine Hour, in-¬-room fitness programming and complimentary bike rentals. The award-¬-winning restaurants and bars are led by talented chefs and bartenders that offer guests a chance to dine like a local. Kimpton also leads the hospitality industry in eco-¬-friendly practices that span all hotels and restaurants, and is consistently ranked as one of the top companies in the Market Metrix Hospitality Index, Upper Upscale Segment, for Customer Satisfaction. The company is highly-¬-regarded for its innovative employee culture and benefits and has been named a Fortune magazine “100 Best Places to Work” five times since 2009, most recently in 2014 where it ranked 21 on the list. Kimpton currently operates 60 hotels and 70 restaurants, bars and lounges in 26 cities. For more information, visit www.KimptonHotels.com andwww.KimptonRestaurants.com.

**About Makar Properties, LLC

Headquartered in Newport Beach, California, Makar Properties, LLC is an innovative diversified real estate development company that specializes in the acquisition, development, and management of master-planned communities and mixed-use, resort, retail, golf, office and residential properties in premier locations and high barrier to enter markets. Makar is best recognized for developing lifestyle communities that combine luxurious, uniquely located hotel properties with upscale residential collections to create destination resort living.