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Pasadena Ritz-Carlton Sold, May Get New Name

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Los Angeles brides, you may not be getting married at a Ritz-Carlton after all. Pasadena's Ritz-Carlton Huntington Hotel & Spa, a popular spot for area weddings, was just sold to Great Eagle Holdings, a Hong Kong-based real estate investment firm for $170 million, reports the Times. The Standard notes that Great Eagle operates hotels in Hong Kong under the Langham brand name, and owns the Eaton Hotel in Hong Kong and the Delta Chelsea Hotel in Toronto, but it's unclear what name the new hotel will operate under, according to the Pasadena Star-News. Meanwhile, the LA Times also reports that the hotel, which reported a remarkable $10 million profit last year, may drop the Ritz-Carlton name. And obviously, hotel investment still going strong despite the credit market, notes the paper.
· Pasadena Ritz-Carlton to be sold [LA Times]