Capella Hotel Telluride Opening December 2008 148-unit, 5-star luxury hotel and residential project Unit accommodations Hotel Condominiums Full kitchen Fireplace Washer/Dryer Residence Condominiums Full gourmet kitchen Spacious living area Fireplace Full private baths in all bedrooms Units size Hotel Condominiums Studio – 300 to 800 square feet 1 Bedroom – 800 to 1,300 square feet 2 Bedroom – 1,500 to 2,400 square feet Residences Condominiums 2 Bedroom – 1,300 to 2,400 square feet 3 Bedroom – 2,000 to 3,300 square feet 4 Bedroom – 3,200 to 4,000 square feet Prices Hotel Unit $900 to $1,600 per square foot $513,000 to $2.3 million Residences Condos $1,155 to $1,629 per square foot $1.046 million to $5.66 million Amenities

Need a Real Estate Broker for more info about this project? Fill out this form now   True ski-in/ski-out Steps from the Gondolas Dramatic views of the surrounding mountains World-class spa Two captivating restaurants Wine bar Private Capella lounge Ice skating rink

Ultra-Posh Resort Marks Legendary Capella Hotels and Resorts' Entry into U.S. Hospitality Market

New York, NY (June 28, 2007) – Capella Telluride, currently under construction in the spectacular Town of

Mountain Village, above historic Telluride, Colorado and marking Capella Hotels and Resorts’ highly anticipated

entry into the U.S. hospitality market, is already setting standards for excellence. Just one year after breaking

ground in June 2006, construction at the ultra-posh development is right on schedule. According to developer

Robert Levine, president and CEO of R.A.L. Companies & Affiliates, the firm has reached a critical milestone,

nearing completion of its subsurface construction.

“Our commitment to hands-on involvement and strict oversight of the project’s timing and quality during this

complex first phase of development has set the tone for a timely completion of this signature project,” said Levine.

“We keep tabs on every detail of the project with weekly onsite visits and Internet-enabled cameras that allow us

to monitor the construction site from our office computers in Manhattan, at all hours.”

Capella Telluride, with occupancy slated for the 2008 holiday season, is approximately five times larger than any

other project currently being developed in Telluride and is situated in a remote area of the Rockies. Its success to

date, despite the project’s scope, is a result of the highest level of attention to detail for which R.A.L. and Capella

are known.

“In a single day, we exhausted the area’s concrete supply, bringing sixteen concrete trucks from Telluride Gravel

and other area plants to deliver 525 cubic yards of concrete for a substantial single pour, probably the largest in

Telluride’s history,” said Alan Reich, executive vice president of project development at R.A.L. “As the town’s

largest project currently under construction, continually working to coordinate large-scale supplies, fine attention

to details is a must.”

When complete, the 148-unit Capella Telluride will resemble a European-style ski-in/ski-out destination, where

residents and guests can enjoy Capella’s acclaimed level of personal service, the Living Room (the only private

resort lounge in Telluride), Suede Bar, Onyx Restaurant, world-class spa, pool, fitness center, ice skating rink,

entertainment and high-end retail boutiques.

“Capella is actually the name of the sixth brightest star in the universe, part of the northern constellation Auriga,”

added Levine. “With Capella Hotels and Resorts’ exceptional level of service, Capella Telluride may warrant a new

‘six star’ rating system in the U.S.—as it will set an entirely new standard for luxury.”

Denver-based Ivins Design Group and Creative Design Associates (CDA), a New York-based architecture firm

specializing in luxury residences, are designing the development.  Press Release from Capella Website

RAL Companies Selects Capella Hotels and Resorts to Operate a 148 unit Hotel and Residentail Property in

Telluride, Colorado TELLURIDE, Co.November 9, 2006 - When a dedicated developer and a legendary hotelier

meet at a storied mountain, the result is – Capella Telluride. Robert Levine, president and CEO of RAL Companies

& Affiliates LLC and Horst Schulze, president and CEO of Capella Hotels and Resorts, announced today that

Capella Hotels and Resorts has been selected to operate a new 148-unit luxury hotel and residential property in

the spectacularly beautiful setting of the Town of Mountain Village, above historic Telluride, Colorado.

The hospitality industry has been eagerly anticipating the announcement of the first U.S. destination for the new

Capella Hotels and Resorts brand, which has previously announced plans for hotels and resorts in Austria,

Germany, Ireland, Mexico, and Singapore. Telluride, known for its intimate setting and unspoiled grandeur, is a

perfect fit for a brand that is committed to providing the ultimate in personal service.

RAL Companies & Affiliates president and CEO Robert Levine commented, “We evaluated every top-tier hotel flag,

and determined that Capella Hotels and Resorts will offer the very best service and guest experience in the

market.” “My firm built Mountain Village’s award-winning Inn at Lost Creek and it has been my family’s second

home for the past 15 years,” Levine continued. “So, we exercised scrupulous and exacting standards in selecting

the operator of our new hotel. We are confident that Capella Telluride will live up to the expectations of the

community, its guests, and buyers of the condominium units at the property.”

Capella Hotels and Resorts president and CEO Horst Schulze set benchmarks in the industry before, during his

tenure as president, COO and vice chairman of The Ritz-Carlton Hotel Company, where he established renowned

luxury service standards. Schulze is convinced, however, that as existing five-star brands have sought to broaden

their audiences, they have left open a niche at the upper reaches of luxury travel that is going unfilled. Capella’s

uncompromising emphasis on personal service will raise the bar in the hospitality world once again, setting an

entirely new standard.

Schulze said, “We are so pleased to join Robert Levine and his team in redefining the luxury travel experience at

Telluride. We will honor this remarkable setting by creating an environment that affords guests and residents an

unparalleled mountain experience in every season.”

Town of Mountain Village Mayor Davis Fansler commented, “We are very excited to have an operating group of

this caliber and with their breadth and depth of experience. We are fully confident that they will deliver a hotel

experience that is not only unique to Colorado but also to the United States."

Designed by Denver-based Ivins Design Group in conjunction with CDA, a New York-based affiliate of RAL

Companies, Capella Telluride will consist of 100 rooms and 48 residential units in a superb ski-in/ski-out location

at the center of Telluride’s Mountain Village. Capella’s renowned services will be available to hotel guests and

residential owners. Amenities will include a world-class spa, pool, fitness center, ice skating rink, restaurants,

entertainment and retail facilities and other features, with construction scheduled for completion in the fourth

quarter of 2008.

Capella Hotels and Resorts serves today’s top-tier travellers and residential property owners and is setting a new

standard in the hospitality industry. Capella promises the unique benefits of the finest boutique hotels, including

superb architecture and interior design, privacy, individualized service and attention to detail – combined with the

amenities and activities of the world’s great luxury hotels and resorts. Capella, led by founder Horst Schulze, is a

brand focused on customer choice, and offers choices that no other hotel company in the world can match.

Capella is opening world-class properties in cities and resort destinations around the world, including: Capella

Singapore; Breidenbacher Hof, a Capella Hotel (Düsseldorf, Germany); Capella Pedregal (Cabo San Lucas,

Mexico); Capella Resort & Spa, Castlemartyr (Ireland); Capella Resort & Spa, Dunboy Castle (Ireland); and

Schloss Velden, a Capella Hotel (Austria). Learn more at www.capellahotels.com

RAL Companies and Affiliates LLC is a Manhattan-based developer of luxury apartment, condominium and resort

communities in New York, Colorado, Texas and Maryland. The second-generation, family-owned firm exercises

the utmost in quality control by offering complete real estate services in architecture, construction, landscape

architecture, leasing and management. Recently its leasing and management affiliate, Spandrel Property

Services, commenced third-party management services for other landlords. Article found on Hotels Online

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