Cottonwood Group Provides $102M for Salt Lake City Luxury Hotel

The new Kimpton hotel will stand 10 stories and include a rooftop bar, restaurant, and event space.

Mar. 30, 2026 at 8:42pm

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A polished, geometric metal sculpture in the shape of a hotel building, resting on a clean white background and dramatically lit to highlight its sleek, modern design.A new luxury hotel project in downtown Salt Lake City aims to elevate the city's hospitality offerings with a striking modern design.Salt Lake City Today

The Domain Companies has secured $102 million in construction financing from Cottonwood Group to build a 216-key IHG Hotels & Resorts' Kimpton luxury hotel in Downtown Salt Lake City. The new 10-story hotel will feature a valet parking, fitness center, rooftop bar, restaurant, indoor and outdoor terraces, and 7,000 square feet of meeting and event space.

Why it matters

The project is expected to set a new standard for hospitality assets in the Salt Lake City market, which has seen significant investment activity and economic growth in recent years, along with high tourism metrics.

The details

The new Kimpton hotel will be located in Downtown Salt Lake City, near city landmarks such as the Delta Center sports stadium, Salt Pace Convention Center, and City Creek Center. The project is being designed by architecture firm Solomon Cordwell Buenz, which has designed other prominent buildings in the city.

  • The project is expected to be complete by the first quarter of 2028.

The players

The Domain Companies

The developer that secured the $102 million in construction financing from Cottonwood Group to build the new Kimpton hotel.

Cottonwood Group

The firm that provided the $102 million in construction financing for the new Kimpton hotel project.

Matt Wiener, Jay Morrow and Dustin Stolly

Walker & Dunlop employees who arranged the financing package for the project.

Matt Schwartz

The co-CEO of The Domain Companies.

Mark Green

The chief investment officer at Cottonwood Group.

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What they’re saying

“This project brings together a premier downtown location, an experienced development team in Domain, and the globally recognized Kimpton brand. We are pleased to provide the construction financing and support the delivery of what we believe will become a flagship hospitality destination in the city.”

— Mark Green, Chief Investment Officer, Cottonwood Group

“The new hotel will 'set a new standard' for hospitality assets across the Salt Lake City marketplace.”

— Matt Schwartz, Co-CEO, The Domain Companies

What’s next

The project is expected to be completed by the first quarter of 2028.

The takeaway

This new Kimpton hotel project represents a significant investment in Salt Lake City's growing hospitality market, with the potential to become a flagship destination that sets a new standard for luxury accommodations in the city.