The Ritz-Carlton, Dearborn, was purchased last week by an unidentified group of out-of-state investors. A company spokeswoman said that by June 2 the current signage would be removed and a new brand would be chosen for the 21-year-old complex.
Luxury hotel’s ownership change to result in name change
By J. PATRICK PEPPER
Times-Herald Newspaper
DEARBORN — The Ritz-Carlton hotel has been sold to a group of private investors and as of June 2 no longer will operate under its posh Ritz-Carlton brand name.
Denver-based Greenwood Hospitality Group will manage the property for the as-yet-unnamed buyers, and a new brand name for the hotel should be chosen with the next month, said Greenwood principal Thomas Conran.
Conran, whose company also manages an Ann Arbor Marriott hotel, said the buyers plan to invest in a multimillion-dollar renovation to the property. The brand that eventually is chosen will be in the luxury hotel market segment, he said.
Still unknown is what will happen to the hotel’s 200-plus employees, but more details are expected in coming weeks.