St. Regis Washington, D.C., to Face Foreclosure Proceedings

 On Oct. 22, Barclays Capital will begin foreclosure proceedings on the St. Regis Washington, D.C., where the lender might take ownership of the property. In 2007, Claret Capital, a private equity firm based in Ireland, purchased the hotel for $170 million with the aid of two loans from Barclays totaling $135 million. According to a statement from the 150-room St. Regis, the proceedings are having no impact on operations, service or staffing. The hotel is decorated with Italian Renaissance Louis XVI chandeliers and has undergone two major renovations in the last 23 years.