Capella Hotels and Resorts Teams With ICG-Castleton Venture, LLC to Launch Capella Georgetown

Capella Hotels and Resorts Teams With ICG-Castleton Venture, LLC to Launch Capella Georgetown

Washington, D.C.‘s top-tier hotel landscape is set to be transformed as ICG Properties and Castleton Holdings join Horst Schulze of Capella Hotels and Resorts to announce Capella Georgetown.

Slated to open in January 2012, this elegant and exclusive hotel will cater to a highly sophisticated and discerning clientele including global leaders of industry, heads of state and other elite visitors whose travel diaries include visits to the nation’s capital.

Capella Georgetown will feature 48 magnificently appointed guest rooms and suites in a private and secure environment which will include a premium restaurant and lounge, an executive boardroom for guest use, and, on the rooftop, a pool, bar, and full-service spa. Occupying a prime location in the heart of Washington, D.C.‘s exclusive Georgetown district, the hotel will offer dramatic views of such icons as the Watergate complex, Kennedy Center, and Potomac River. It will be created through the redevelopment of an existing five-story, free-standing commercial building on 31st Street bordering the historic C&O Canal, just one block from the upscale shops and restaurants of Wisconsin Avenue and M Streets. Construction is expected to begin in January 2011.

Capella Hotels and Resorts Chairman and CEO Horst Schulze has set benchmarks in the industry throughout his career history. During his 19-year career with The Ritz-Carlton Hotel Company, he successfully led the brand to being awarded the Malcolm Baldrige National Quality Award in 1992 and 1999. After leaving The Ritz-Carlton Hotel Company, he created the Capella brand on his conviction that as existing five-star brands have sought to broaden their audiences, they have left open an unfulfilled niche at the upper reaches of luxury travel. This new brand’s uncompromising emphasis on personal service raises the bar once again, setting an entirely new standard in hospitality.

“Capella Hotels and Resorts established its urban model two years ago with the successful re-launch of the legendary Breidenbacher Hof in Düsseldorf, Germany. We are pleased to have the opportunity to introduce Capella to this important U.S. market,” said Stylianos Christofides, a principal of ICG Properties.

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“Washington, D.C. is among the most desirable and resilient markets in the hospitality industry, yet it is currently underserved at its uppermost reaches,” added Bruce Bradley, president of Castleton Holdings, LLC. “We are confident that Capella Hotels and Resorts is the only brand with the right credentials to fill this niche.”

Said Schulze: “With their vast experience and intrinsic knowledge of the Washington, D.C. market, ICG Properties and Castleton Holdings forms the ideal team to develop Capella Georgetown. It is an honor to work with them to bring the Capella brand to the nation’s capital as the District experiences a heightened profile among the most vital and appealing destinations for business and leisure.”