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
Famous quotes containing the words current and/or company:
“Natural Man, in our current version, is a disgruntled adolescent.”
—Mason Cooley (b. 1927)
“We have nothing to fear and a great deal to learn from trees, that vigorous and pacific tribe which without stint produces strengthening essences for us, soothing balms, and in whose gracious company we spend so many cool, silent and intimate hours.”
—Marcel Proust (1871–1922)