Not a Cattleya NOID? Translate label + leaf ??

[ElenaMarie]

Hi Everyone!

I confess, I couldn't pass this little orchid up. The pot is 1"x1" and it has some strange (to me) leaf issue. I think it's just dehydrated since it does have roots and was very dry, but thought you guys might can assist.

When I took it out of the netting in which it was packaged, the label in the pot says the following (keyed exactly as the tag reads):

HC 575 LC. SCHILLERIANA VAR. COERULEA
'PARADISE BLUE' WHITE W/BLUE LIP 4/12/11

I thought I was getting a little NoID but if I'm reading this correctly, this is a named hybrid. Can anyone translate it for me?

Also, the outside label says to transplant it immediately into a 5-6" pot. Is this the appropriate time for that? I thought one should avoid planting into much larger pots? Am I missing something?

Oh, and one more thing. The brown flaw in the center of the leaf, what is that? I sprayed it thoroughly for bugs and fungi, but haven't a clue what the brown spot is.

Thanks in advance! The leaf pics are below.