In October, Great Eagle Holdings, which owns Langham Hotels in Boston, London, Hong Kong, New Zealand, and Australia, announced the purchase of the Ritz-Carlton in Pasadena for $170 million. The group plans to reopen the property as the Langham, Huntington Hotel & Spa in January. According to The Los Angeles Times, although the Ritz-Carlton recently finished a multimillion-dollar renovation, Great Eagle plans a $25 million renovation on the restaurants, including the Dining Room (which got its first Michelin star this month), the new wine bar and other lounges, the 11,000-square-foot spa, and landscaping. With the change, the Ritz-Carlton brand goes down to one hotel in the Los Angeles area (Marina del Rey), until the 54-story Ritz-Carlton hotel and condo project opens at L.A. Live in 2010.