It opened on January 18, 1943, in the middle of World War II, as the Hotel Statler.

The architect of the early modern style building was Holabird & Root LLC, A.R.

[6] CNL Financial Group began co-owning the property with Hilton in 2003.

[7] In 2007, the Capital Hilton was among the properties sold by CNL to Ashford Hospitality Trust.

[9] In 2018, the parent company was renamed from Ashford Hospitality Prime to Braemar Hotels & Resorts.