The Ritz-Carlton Residences at the new Chevy Chase Lake development won’t be ready for new owners to move into until late this year, but developer The Bozzuto Group says its newly-opened sales gallery is already fully-booked with potential buyer tour requests.
The Chevy Chase Lake development, a joint venture between Bozzuto and Chevy Chase Land Company, is at the intersection of Connecticut Avenue and Manor Road. (Courtesy The Bozzuto Group)
There appears to be a lot of interest among high-end buyers for the new, seven-figure Ritz-Carlton Residences in Chevy Chase, Maryland.
The Ritz-Carlton Residences at the new Chevy Chase Lake development won’t be ready for new owners to move into until late this year, but developer The Bozzuto Group says its newly-opened sales gallery is already fully booked with potential buyer tour requests through the end of March, with more than 150 appointments.
Sunstone Hotel Investors Announces Chief Operating Officer Transition hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
Sunstone Hotel Investors Announces Chief Operating Officer Transition
Marc Hoffman, Chief Operating Officer, to Retire
Chris Ostapovicz to Join Sunstone as Successor
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IRVINE, Calif., March 3, 2021 /PRNewswire/ Sunstone Hotel Investors, Inc. (the Company or Sunstone ) (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced the retirement of Marc Hoffman, Executive Vice President & Chief Operating Officer. Mr. Hoffman joined Sunstone in 2006 and has been responsible for Asset Management and Design & Construction. Chris Ostapovicz has been appointed Senior Vice President & Chief Operating Officer. Mr. Ostapovicz will join the Company in March and will report to John Arabia, President & Chief Executive Officer. Mr. Hoffman will remain with the Company during a period of transition.
Sunstone Hotel Investors Announces Chief Operating Officer Transition prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
By Thanh Van Branded residences are most easily defined as a residential project that is designed, built, managed, and operated according to the quality standards of a super luxury brand. Residents living in branded residences will enjoy all super-luxury services with five-star hotel standards or higher. The first branded residential development appeared in the 1920s on New York’s Fifth Avenue, where the Sherry Netherland Hotel operated successfully alongside its own serviced apartments. The branded residence concept did not catch on until the mid-1980s, when Four Seasons sold out its hotel condominiums in Boston. Following Four Seasons, the Ritz-Carlton Hotel Company also entered the market. Currently, Marriott International is the world’s leading developer operating projects in 17 countries and territories. Marriott is expanding its overseas investment portfolio.