Capella Hotel Group Refutes Management Takeover at Capella Pedregal

Earlier today, a statement came out claiming that the Capella Pedregal had severed ties with Capella Hotel Group and was relaunching as The Resort at Pedregal. The Capella Hotel Group is saying that this claim is false.

With the hotel closed and under massive reconstruction from damage due to the effects of Hurricane Odile, at 6:30 pm on Monday, November 3, representatives of CarVal Investors arrived at the property and informed CHG's management team that they were taking over the hotel, without any prior notification.

“Without any official notification or show of cause letter from the representatives of CarVal Investors, we were informed that CHG management was being instructed to leave the property – this despite Capella Pedregal achieving record-breaking occupancy rates and revenue in the last two years, said Horst Schulze, chairman and CEO, Capella Hotel Group. “We believe whatever allegations they have are baseless and we intend to promptly seek judicial recognition of our contractual rights.” 

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“Capella Hotel Group has a valid and binding contract with Hoteles and CarVal has violated this agreement without reason in a highly unprofessional manner. Our performance for the property is unquestioned and we have no intention to accept a takeover of property operations. This action by CarVal is part of an ongoing dispute between the two owners of the asset and does not reflect on the operation/management of the property by CHG – which by all measures has been highly successful, despite this very difficult situation and a challenging economic environment. It is unfortunate that we have been caught in the middle.”   

Stay tuned to Travel Agent Central as this story develops.

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