Puttin' on the ritz is second nature to this hotelier. The Ritz-Carlton Hotel Company operates luxury hotels offering premium accommodations and amenities for business and leisure travelers. Located in prime destinations, its properties are consistently rated among the best in the world. Ritz-Carlton was established in 1983 when real estate mogul and former CEO William Johnson acquired the rights to the name made famous by Swiss hotelier César Ritz. Today it is a part of hotel giant Marriott International, operating under that company's luxury segment.
Ritz-Carlton operates more than 85 luxury hotels in some 30 countries. The firm also operates about 15 time-share properties under the Ritz-Carlton Destination Club and Ritz-Carlton Residences brands.
Marriott International bought a 49% stake in Ritz-Carlton in 1995; three years later the stake was increased to 99%.