PALM BEACH, FL-At least the workers at the Ritz-Carlton Palm Beach hotel won't take a hit from the protracted battle between ownership and management.
After sending a notice to state authorities last week of a potential layoff of 452 workers at the hotel, the ownership, RC/PB Inc., released a statement today saying, “We have offered employees their jobs at existing pay and benefits." In addition, hotel employees staying on will be able to roll over their tenure and sick days, according to the South Florida Business Journal.
RC/PB is taking over control of the luxury hotel on July 1 from Ritz-Carlton parent Marriott International. RC/PB has decided to rename the hotel the Eau Palm Beach Resort & Spa. See story in the South Florida Business Journal.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
