Current Company
In August 1983, Blakeley sold The Ritz-Carlton Boston and the US trademark for $75.5 million to developer William B. Johnson, who assembled a four person development team in Atlanta, headed by hotelier Horst Schulze, to create The Ritz-Carlton concept and established The Ritz-Carlton Hotel Co.
In 1988, Johnson subsequently obtained the exclusive rights to The Ritz-Carlton name throughout the world (except for the 210-room Hotel-Ritz Paris, The Ritz-Carlton at Water Tower Place in Chicago, and The Ritz-Carlton in Montreal).
Read more about this topic: Ritz-Carlton Hotel Company
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