Castleton Hotel Partners I, LLC on Thursday announced the US$65 million sale of the 49-room Capella Washington D.C., Georgetown to CTF Development International, a London-based unit of Hong Kong-based New World Development Co. As part of the transaction, the hotel will be transitioned into a Rosewood Hotels & Resorts property.
Opened in 2013, the former longtime home of the Trial Lawyers Association was transformed by Washington, D.C.-based Castleton and the Capella Hotel Group. The duo is currently developing another hotel, the Solis at Two Porsche Drive Hotel in Atlanta.
“Rosewood Washington, D.C. is an exciting addition to Rosewood’s collection of properties and strengthens our presence in North America,” said Sonia Cheng, chief executive officer of Rosewood Hotel Group. “The hotel draws on the capital’s rich culture and history to express Rosewood’s trademark philosophy of ‘A Sense of Place’ in innovative and memorable ways.”