Kimpton Hotel Theta is set to open in fall 2023 in New York City.

The new boutique hotel from Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ luxury and lifestyle portfolio, will be located a block off Times Square at 48th Street and 8th Avenue, the nexus of NYC’s Theater District and Midtown West.

An adaptive reuse of an existing mixed-use hotel, the new Kimpton Hotel Theta was originally imagined by Morris Lapidus, the pioneer of Miami Modern Architecture.

The reimagined hotel will span 15 floors and feature 364 guestrooms, including five suites. The property will offer popular Kimpton perks such as morning coffee and tea, evening social hour, “Forgot It? We’ve Got It!” amenity program, a 24-hour fitness center, in-room yoga mats, and custom-designed PUBLIC bikes.

The design-forward hotel will also offer a 3,200-square-foot rooftop restaurant by TableOne Hospitality, a grab-and-go market and coffee service in the lobby.

The rooftop will be the crown jewel of Kimpton Hotel Theta, a culinary escape with a speakeasy edge aptly-inspired by the Cicchetti bars of the Italian Riviera. It will small plates, apertivos and spritzes.

“We’re looking forward to bringing another Kimpton to the New York City market, and Kimpton Hotel Theta will bring an unexpected, refreshing experience to the Midtown West neighborhood,” said Mike DeFrino, managing director, Luxury & Lifestyle Americas, IHG Hotels & Resorts. “The hotel will serve as a boutique oasis designed to delight all guests who are looking to stay in the middle of it all but also have space to recharge and reset.”

Operated by Highgate, a hotel management, investment and development company, Kimpton Hotel Theta will join Kimpton Hotel Eventi as the brand’s second hotel in New York City.

“We’re excited to partner with Kimpton to launch this unique property in the heart of New York City’s iconic Theater District,” said Arash Azarbarzin, CEO, Highgate. “As the newest addition to Highgate’s growing lifestyle and luxury portfolio, Hotel Theta offers an unrivaled experience for travelers and locals with its reimagined design, dynamic programming, and soaring rooftop lounge.”