SPARTANBURG, S.C. and GREENWICH, Conn., May 20, 2015 /PRNewswire/ -- OTO Development, a South Carolina-based developer, owner and operator of hotels, and Starwood Capital Group, a leading global private investment firm, announced today that the Hilton Garden Inn Washington D.C./Georgetown has been awarded LEED® Silver certification in Building Design and Construction.
The LEED rating system, developed by the U.S. Green Building Council (USGBC), is the foremost program for buildings, homes and communities that are designed, constructed, maintained and operated for improved environmental and human health performance. The LEED category of Building Design and Construction/New Construction recognizes achievements in implementing practical and measurable strategies and solutions aimed at achieving high performance in: sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality.
"We're honored to receive LEED Silver certification for the Hilton Garden Inn D.C./Georgetown, as this represents our commitment to high-end design through sustainable solutions," said OTO Development CEO Corry Oakes.
"Our Firm has long been focused on environmentally responsible investing, and our support for the LEED program reflects this emphasis," added Robert Geimer, Senior Vice President at Starwood Capital Group. "We are proud that the Hilton Garden Inn Washington D.C./Georgetown has been recognized for its eco-friendly design, while also providing the high-level comfort and service demanded by guests in such a discerning market."
OTO Development and a controlled affiliate of Starwood Capital Group formed a joint venture in 2011 to build the 238-key Hilton Garden Inn Washington D.C./Georgetown. Located in the West End of downtown Washington, D.C., the hotel features a striking design with high-end, modern finishes that complement the classical architecture of surrounding buildings. The hotel is within walking distance of several popular attractions and embassies, and is also convenient to the city's Metro transit system—aspects that appeal to green-conscious guests seeking alternative transportation options.
About OTO Development
Established in 2004, OTO Development is an award-winning, rapidly growing hotel development and management company. Our industry leadership position is anchored by an exciting portfolio of great hotels managed by exceptional people. In the past ten years, OTO Development has developed over 60 hotels and currently operates portfolios of hotels for a publicly traded REIT, private equity firms and high net worth individuals. Today, the company continues its impressive growth with more than $1 billion in urban new development projects in Seattle, San Francisco, Los Angeles, San Diego, Manhattan, south Florida and Washington DC. For more information about OTO Development properties, please visit otodevelopment.com or contact info(at)otodevelopment(dot)com.
About Starwood Capital Group
Starwood Capital Group is a private investment firm with a core focus on global real estate. Headquartered in Greenwich, CT, the Firm maintains 12 offices in six countries around the world, and currently has more than 800 employees. Starwood Capital Group has raised more than $31 billion of equity capital since its inception in 1991, and currently manages over $42 billion in assets. The Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk-reward dynamics to be evolving. For more than two decades, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises around real estate portfolios in both the private and public markets. Additional information can be found at starwoodcapital.com.
SOURCE Starwood Capital Group