Ritz-Carlton Huntington To Be Sold

The Los Angeles Times reports that the Ritz-Carlton Huntington Hotel & Spa in Pasadena is being sold for $170 million to Great Eagle Holdings, a Hong Kong-based real-estate investment firm. Great Eagle owns office, retail, residential, and hotel properties in several countries, notably the Langham Hotels in Boston, London, Hong Kong, New Zealand, and Australia.

Overlooking the tony suburb of San Marino, the Huntington Hotel was built in 1907 and became a Ritz-Carlton in 1991. In 2006, the hotel underwent a $19 million renovation, which updated 292 guest rooms, two ballrooms, and a courtyard in the center of the property and added a martini lounge and wine bar. There's no word yet on whether Great Eagle will drop the Ritz-Carlton name.