WHITE PLAINS, NY (2006-10-03) A new era in luxury living in Westchester was ushered in today as The Ritz-Carlton Hotel Company, L.L.C. and Louis R. Cappelli celebrated the “topping off" of The Residences at The Ritz-Carlton, Westchester, a new 44-story residential tower featuring 213 distinctive residences, and The Ritz-Carlton, Westchester, the countys first luxury hotel.

Governor George E. Pataki; Simon F. Cooper, President and Chief Operating Officer of The Ritz-Carlton Hotel Company, L.L.C.; Louis R. Cappelli, President and Chief Executive Officer of Cappelli Enterprises and a host of VIP dignitaries were on hand to celebrate the new landmark building which is Westchesters tallest.

Guests and VIPs were treated with a trip to the top floor of the concrete structure that affords breathtaking views of the Manhattan skyline, Long Island Sound, the Hudson River Valley and beyond. The topping off ceremony, which marks the completion of the s highest floor, was celebrated with cannons showering the crowd with confetti, colorful balloons floating in the air, and members of the cast of the new Twyla Tharp/Bob Dylan Broadway Musical "The Times They Are A-Changin" performing songs from the show. The event also featured a ribbon-cutting ceremony to mark the official opening of The Residences at The Ritz-Carlton, Westchester Sales Presentation Center at 227 Main Street.

“Today we are elevating luxury living to new heights in Westchester County and the surrounding region. We are extremely pleased to have The Ritz-Carlton Hotel Company, a name synonymous with luxury living, five-star accommodations and unparalleled personal service", said Mr. Cappelli. “The Residences at The Ritz-Carlton, Westchester offers a once-in-a-lifetime opportunity for homebuyers who are seeking an ultra-luxury lifestyle never before available in this market. The Ritz-Carlton, Westchester will set a new standard for luxury hotels in the area."

Mr. Cooper said The Ritz-Carlton Hotel Company was delighted to be bringing the unique and distinctive style of Ritz-Carlton living to the Westchester County area. White Plains and Westchester County are a perfect fit for our brand. This world-class building with its close proximity to New York City marks yet another important step forward for our companys residential portfolio, said Mr. Cooper.

White Plains Mayor Joseph Delfino said he spoke for the entire City of White Plains in welcoming Ritz-Carlton. The transformation of our downtown has been nothing short of astounding. The Residences at The Ritz-Carlton, Westchester and The Ritz-Carlton, Westchester form a centerpiece in the ongoing renaissance of our downtown and places White Plains among the leading small cities in our nation, he said.

The Residences at The Ritz-Carlton, Westchester includes 181 condominium residences and 32 Atelier suites. The residences range in size from 1,200 to 5,200 square feet and offer spacious floor plans from 1-bedroom, baths to 3-bedroom, baths. Also planned are Penthouse and Sky Club levels. The Atelier suites are fully furnished residences with built-in features that are ideal for corporate executives. Prices of residences start at $700,000 and go up to $3.5 million. The opening date is anticipated in early 2008.

Owners at The Residences at The Ritz-Carlton, Westchester will have exclusive access to a wide array of The Ritz-Carlton's legendary five-star amenities and services including maid service, room service, concierge and luxury spa, to name a few. Owners will also benefit from The Ritz-Carlton privileges around the world.

The Residences at The Ritz-Carlton, Westchester is the first of two towers being built as part of the $400 million, 940,000-square-foot Renaissance Square complex being developed by Cappelli. The towers rise from a 10-level hotel podium comprised of the
123-room The Ritz-Carlton, Westchester.

The Ritz-Carlton, Westchester will feature a 10,000-square-foot luxury spa and fitness center and 10,000 square feet of meeting and special event space. It will also include two fine dining restaurants a two-story “wintergarden" restaurant fronting on Main Street and a rooftop restaurant at The Residences at The Ritz-Carlton, Westchester tower. At 400 feet in height, the rooftop restaurant will offer a spectacular dining experience unrivaled anywhere outside of Manhattan. The Ritz-Carlton, Westchester is one of only three suburban hotels in the company present portfolio.



The residences are designed by the architectural firm Costas Kondylis and Partners of New York City, with hotel interiors by renowned designer Frank Nicholson.

The Ritz-Carlton Hotel Company, L.L.C. of Chevy Chase, MD., (USA) currently operates 61 hotels in the Americas, Europe, Asia, the Middle East and Africa. Over 20 projects are under development around the globe with hotel openings planned for Moscow, Ireland, and two in Beijing over the next year. The Ritz-Carlton is the only service company to have twice earned the prestigious Malcolm Baldridge National Quality Award, which recognizes outstanding customer service.

Cappelli Enterprises Inc. is a leading real estate developer and general contractor in the Northeast. Headquartered in Valhalla, NY, the company has built more than 10 million square feet of mixed use, retail, waterfront, residential, office building, laboratory and parking facilities. Cappelli has been the driving force behind the dramatic revival of downtown White Plains with the highly successful 1 million-square-foot City Center complex including the sold-out Trump Tower, Westchester first luxury high-rise condominium, and now Renaissance Square featuring The Ritz-Carlton, Westchester and The Residences at The Ritz-Carlton, Westchester.