The Founders Inn and Spa Announces Management Company Name Change

Friday December 30, 2011

Virginia Beach, VA (December 16, 2011) –   West Paces Hotel Group, the fastest growing luxury hotel management company, has been renamed Capella Hotel Group to capitalize on the successful luxury brand it has created in Capella hotels and its expanding global operations. In addition, Capella Hotel Group announced that it has formed a partnership with Stoneleigh Capital, a private equity firm with an expertise in hospitality investments to offer a new model to owners and developers and accelerate its growth strategy. Capella Hotel Group manages The Founders Inn and Spa, luxury hotel and conference center in Virginia Beach, Virginia.
 
Horst Schulze, Chairman and CEO of Capella Hotel Group said, "We are strengthening our support for luxury hotel owners, developers and investors through a partnership between Capella Hotel Group and Stoneleigh Capital that creates a new model combining the highest skill set and knowledge in strategic hospitality analysis and investment with the global standard in luxury hotel management and marketing."

"The Capella Hotel Group has enjoyed strong growth over the past nine years and the name change allows us to take advantage of the power brand we have built," said Schulze. "The investment by Stoneleigh Capital will increase our expansion by two times which already calls for the addition of five hotels over the next 12 months as well as doubling the size of the company over the next two years. With our Capella and Solis brands and select independent hotels, we will continue to create and manage the best luxury hotels in gateway cities throughout the world."

Matt Nelson, Director of Rooms at The Founders Inn and Spa comments, “It is certainly an exciting announcement and one we are proud to be part of as we make intentional strides in our steps toward growth within the Hampton Roads community and as part of the global Capella Hotel Group portfolio.

About Capella Hotel Group
Capella Hotel Group was founded by Horst Schulze, former president and Chief Operating Officer of The Ritz-Carlton Hotel Company, along with several former Ritz-Carlton executives to create and operate hotels in distinctive markets.  The principals of the company leverage unparalleled hospitality experience and a diverse track record of operating world-class hotels and resorts.  The group’s mission is to create value through superior service at distinctive properties and conference centers in gateway cities and high-profile resort destinations around the world.  With the launch of two top-tier international hotel brands - Capella Hotels and Resorts and Solís Hotels & Resorts, The Capella Hotel Group has redefined the standards of luxury on a global scale, combining a new sense of luxury with superior customer service and distinctive design. For further information on Capella Hotel Group, visit www.capellahotelgroup.com.


The Founders Inn and Spa

The Founders Inn and Spa honors the nation’s proud heritage while looking to the future. The Founders Inn and Spa’s name comes from the Founding Fathers who drafted the Constitution in 1787. The resort features captivating Grand Georgian architecture. Art and antiques—including noteworthy period furnishings—adorn the property. Guests experience the intimate hospitality of a country inn, outstanding recreational amenities, as well as technologically superior conference space. Whether for a getaway, corporate meeting or a romantic wedding in Colonial gardens, The Founders Inn and Spa offers a luxurious atmosphere in a relaxing setting. For reservations and additional information, please call 800-926-4466 or visit www.foundersinn.com.