Source: Capella
Capella Hotels & Resorts

Castleton Hotel Partners I, LLC today announced the $65 million sale of the 49-room ultra-luxury Capella Washington D.C., Georgetown to CTF Development International. Opened in 2013, the former longtime home of the Trial Lawyers Association was transformed under Washington DC based developer Castleton Holdings LLC and Capella Hotel Groupinto one of the nation's premiere luxury hideaways, serving as a retreat for heads of state, international dignitaries and the capital's top socialites. As part of the transaction, the hotel will be transitioned into a Rosewood Hotels & Resorts property.

In only a few short years, under the management of Capella Hotel Group, the property garnered top accolades from Andrew Harper, Elite Traveler, and the U.S. News & World Report while also securing glowing accolades from The Washington Post, Conde Nast Traveler, Forbes and other luxury travel publications.

"I'm very humbled by all that we have been able to accomplish in our first hotel venture and our partnership with Capella Hotel Group, turning a former office building into one of the best luxury hotels in not just the nation's capital but the entire country," said Bruce Bradley, Managing Member of Castleton Hotel Partners I, LLC. "As a developer we have made it our mission to identify unique business opportunities and to drive value for our partners. I would like to thank Capella Hotel Group for their assistance in helping us achieve these goals with their incredible service level and globally recognized brand."

"Capella Washington D.C was our first Capella branded property in the United States and we could not be more pleased by the excellence in which we achieved our vision," said Horst Schulze, President and CEO of Capella Hotel Group. "As a result of our fruitful partnership, we'd like to thank Castleton for choosing Capella Hotel Group to manage the hotel and we look forward to continuing our success with him with our next hotel, the Solis at Two Porsche Drive Hotel in Atlanta."

Capella Hotel Group's upcoming project, the Solís Hotel at Two Porsche Drive will be located immediately adjacent to the Porsche Experience Center in Atlanta, Georgia. The Solís property, scheduled to open in 2017, will be designed by the award-winning HOK Architects firm, which also designed the Porsche Cars North America Headquarters. Peter Silling & Associates will craft the hotel's interior design.

Also on the radar for Capella Hotels and Resorts is Capella Shanghai, Jian Ye Li, which is scheduled to open in March 2017. Located within the Hengfu historical and cultural preservation zone of the Xuhui District, Capella Shanghai, Jian Ye Li will be the city's only all-villa urban resort in the last remaining cluster of historical "shikumen" (stone warehouse gate) estate, which was the landmark of 1930s Shanghai. Capella Residences Shanghai, located within the same estate, will open in early 2017.

About Castleton Hotel Partners I, LLC

Castleton Hotel Partners I, LLC is an affiliate of Washington, D.C. based Castleton Holdings, LLC and includes partners ICG Properties, Eastern Star and Vega Management. Founded in 1993, Castleton Holdings is a privately held real estate investment company that engages in the acquisition and development of institutional-quality real estate. Led by its Founder Bruce Bradley, Castleton leverages over 30 years of experience in the commercial real estate market as developer, investor and advisor, comprising over $1 billion in transactions across various real estate asset classes. Castleton's most recent development activity includes the critically acclaimed 5-star Capella hotel in Washington DC, Georgetown and the new Capella-managed, 214 room, 4-star "Solis Hotel Two Porsche Drive" in Atlanta, GA, scheduled to open in August of 2017. The project will reflect Porsche's renowned design aesthetic and adjoins their North American Headquarters and Experience Center near the Atlanta Hartsfield Jackson International Airport.

About Capella Hotel Group

The Capella Hotels and Resorts collection consists of properties in Singapore, Bangkok, Ubud, Shanghai, Sanya, and Düsseldorf. Joining the portfolio later this year is Capella Hanoi, designed by world-renowned architect Bill Bensley. Set to open in the coming years include properties in the Maldives, Sydney, and Chiang Mai. Capella Hotels and Resorts was named 2nd Best Hotel Brand in the World in the Travel + Leisure World’s Best Awards 2020. The exceptional hospitality brand focuses on crafting authentic, cultural experiences for its guests, combining a legacy of thoughtful design with the highest level of personalised service. For more information, visit capellahotels.com