Boston's Old Ritz-Carlton Has Been Sold

Next month, Boston is going to have a new hotel. Actually it's an old, well-known hotel, but it's going to have a new name. Investors from India are taking over the Ritz-Carlton, Boston.

The historic hotel overlooking the Public Garden opened in 1927. At the time a guest could rent a room for $15.

The city will still keep its newer Ritz-Carlton across the way. But the loss of the very first hotel in the luxury chain has some mourning the end of a Boston icon. Others herald the sale as a harbinger of the city's economy.

WBUR reporter Curt Nickisch checked into the story and filed this report.