Does Blackstone own NiSource?
No, Blackstone does not own The Ritz-Carlton brand. The Ritz-Carlton is a luxury hotel brand that is part of the Marriott International global portfolio. Marriott acquired the Ritz-Carlton brand as part of its merger with Starwood Hotels & Resorts Worldwide in 2016. While Blackstone has a deep history of investing in the hospitality industry—previously owning properties such as Hilton and various luxury resort assets—it does not have ownership of the Ritz-Carlton brand itself. Marriott manages the branding, reservation systems, and operational standards for Ritz-Carlton properties worldwide. Blackstone does, however, own and operate a vast array of other real estate assets and hotel properties through its various private equity funds, but the intellectual property and management rights for the Ritz-Carlton remain exclusively under Marriott International's control.
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