Conrad Cafritz is the Chairman and Chief Executive Officer of Cafritz Interests and Modus Hotels. He has been a leader in the Washington metropolitan real estate community for more than 40 years and oversees a development and management practice that now encompasses office, hotel, retail, residential, and industrial properties throughout the United States.
Mr. Cafritz is the son of Morris Cafritz, who began developing real estate in Washington, DC in 1919 and became the city’s most prolific developer during the mid-20th century. Conrad Cafritz joined his father’s firm, The Cafritz Company, after graduating from Yale University in 1960. He soon established his own company, known today as Cafritz Interests, as well as the affiliated Potomac Hospitality Services, now known as Modus Hotels.
Mr. Cafritz was a pioneer in the development of the all-suite concept in Washington, DC and converted several traditional apartment buildings into full-service, extended-stay facilities. These operations include The River Inn, One Washington Circle Hotel, and The Virginian Suites, as well as the Windsor Hotel in Philadelphia and Comfort Suites in Chicago.
He serves on the governing board of Management Leadership for Tomorrow, an organization that promotes applications by minorities in the major MBA programs; the Federal City Council; as a long-term board member of PEN Faulkner Foundation, which awards a major prize for fiction; on the Brooking Council; the Woodrow Wilson International Center for Scholars; and formerly on the Photographic Acquisition Committee of the Guggenheim Museum and the advisory committee of the Democratic Leadership Council. Mr. Cafritz is also a member of the Sterling Fellows at Yale University and the Aspen Institute Fellows.