Hong Kong Ritz-Carlton Shuts After 14 Years; Chandelier Anyone?
January 31st, 2008Bloomberg - Competition from newer, larger hotels has also taken its toll. The Ritz-Carlton has about half as many rooms as five-star rivals such as the Four Seasons, opened in 2005, making it less viable to run, said Cheung. Lai Sun paid about HK$1.3 billion …