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The Cappelli Wrap: $600G to $3M for Your Place at Ritz. Starwood to Stamford Posted on Monday, May 22 @ 14:12:40 EDT by jfbailey

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WPCNR THE RITZ RAP. From News Reports. May 22, 2006: Today's issue of the Westchester County Business Journal reports the Super Developer Louis Cappelli as planning to offer condominium units ranging from $600,000 to $3 Million for a penthouse apartment in The Residences at  The Ritz-Carton, Westchester.

In the report by Alex Philippidis -- Cappelli, tells reporter Philippiddis he is also seeking to bring White Plains-based Starwood Hotels to Stamford, Connecticut, which had for many months been negotiating with Mr. Cappelli for the Renaissance Square hotel.

Cappelli last week told WPCNR he was paying more to Ritz-Carlton to run the Renaissance Square hotel and condominiums, and defined that further to the Business Journal as the Ritz-Carlton offering a better "incremental" deal. Philipiddis, in addition reports Mr. Cappelli as saying he included the meeting and convention space "at the request of White Plains officials," whom he described as "eager to host" more events in the county seat. Who these White Plains officials were and when they requested this was not disclosed in the article.

WPCNR has placed a call to The Mayor's Office to see if the Mayor's office requested this recently when the hotel was redesigned by Mr. Cappelli at The Ritz-Carlton request.

The article can be read at www.westchestercbj.com/archive/052206/052206007.php.


 
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