Ritz-Carlton, St. Louis, is sold for $56M

01/7/2013 | American City Business Journals

The Ritz-Carlton, St. Louis, has been acquired by investor Bruce Karsh, president of Oaktree Capital Management. Karsh purchased the hotel for $56 million through his firm Clayton St. Louis Property. The property will undergo a $3 million renovation that could begin in March.

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