>Dearborn hotel to lose Ritz-Carlton name in sale

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>The Ritz-Carlton Dearborn has been sold to an investment group and will be managed by Greenwood Hospitality Group, a hotel investment and management company. As of June 2, it will no longer be a Ritz-Carlton, said Vivian Deuschl, a Ritz-Carlton spokeswoman.

Thomas Conran, a Greenwood principal, said a decision will be made within a month as to what brand the hotel will become. He could not name the investment group yet because of a confidentiality agreement that he had signed, but said that the new owners are planning a significant multimillion-dollar renovation of the property and intend to keep it an upscale hotel.

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