The Tragic Story of How The Ritz-Carlton Boston Destroyed Its Founder's Empire
Автор: Behind the Gates
Загружено: 2026-01-13
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The Tragic Story of How The Ritz-Carlton Boston Destroyed Its Founder's Empire
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When Swiss hotelier César Ritz opened his first American Ritz-Carlton in Boston in 1927, the 17-story French Renaissance palace was meant to establish his luxury brand across America and crown him as the world's greatest hotelier. But the hotel's $5 million construction costs combined with the 1929 stock market crash bankrupted the Ritz empire, forcing Ritz to watch from his Swiss sanatorium—where he'd been committed after a nervous breakdown—as creditors seized the hotel that bore his name. This is the story of how America's most exclusive hotel destroyed the man who invented modern luxury hospitality, and how the name "Ritz-Carlton" survived even after its founder died broke and insane.
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