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In the 1970s, the Ritz-Carlton name was licensed to the builders of a new hotel in Chicago. The Ritz-Carlton Chicago opened in 1975 in a tower atop Water Tower Place. It joined the Four Seasons Hotels & Resorts chain in 1977, as there was no Ritz-Carlton chain at the time. Confusingly, it remained part of Four Seasons for decades, marketed as ...
The Ritz-Carlton Chicago is a 435-room hotel at Water Tower Place. [9] The builders of Water Tower Place acquired the rights to use the Ritz-Carlton name and logo when they opened a hotel in the tower in 1975. This was before the modern Ritz-Carlton chain was established in the mid-1980s, using the same name and logo, which have been around ...
The St. Regis brand was launched in 1998, [5] when Starwood rebranded a former Ritz-Carlton property it had bought in Aspen, Colorado as The St. Regis Aspen. [6] In 1999, Starwood rebranded the Carlton Hotel in Washington, D.C. [7] and two more former Ritz-Carlton properties in Houston [8] and Philadelphia [9] as St. Regis hotels.
Ritz-Carlton expanded into the timeshare market. Ritz Carlton benefited from Marriott's reservation system and buying power. In 1998, Marriott acquired majority ownership of The Ritz-Carlton. [25] In 1997, the company acquired the Renaissance Hotels and Ramada brands from Chow Tai Fook Group and its associate company, New World Development.
The Magnificent Mile (also The Mag Mile) is a section of Michigan Avenue in Chicago devoted to retail, dining, hotels and tourist attractions. Running from the Chicago River to Oak Street in the Near North Side, [1] the district is located one block east of Rush Street and is the main retail corridor between the Loop and Gold Coast. [2]
The neighborhood hosts more than 25 hotels, including the only three five star hotels in the Midwestern United States, the Ritz Carlton, The Peninsula Hotel, and the Four Seasons Hotel Chicago as well as the historic Drake Hotel. [28] [29] Two of these host the highest rated spas in Illinois. [30]