Word: ritzes
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HOTEL Hotel Ritz, Plaza de la Lealtad, 5 (34-91-701-6767; www.ritzmadrid.com) It's proper and chic and has the best pool and a great terrace for dining...
...chief operating officer. "The Fontainebleau made Miami Beach." That's not hyperbole. Even more than the art deco splendor of Ocean Drive, Lapidus' wavy edifice and quirky interior design - the Stairway to Nowhere, the Swiss Cheese Wall - define Miami the way the Plaza once epitomized New York and the Ritz embodies Paris. And it spotlights what still puts food on the table in Florida: tourism. In that sense, the Fontainebleau's resurrection may be less an unseemly display of ostentation than a defiant display of pluck. "Our intent is to change the economic momentum here," Karawan insists. (See 50 authentic...
...borrower is no longer paying interest. Fitch Ratings recently downgraded the bank to a credit rating of BBB-, which puts Colonial's debt just above junk. "From an overall capital perspective, they are all right, but Colonial is exposed to residential construction in problematic markets," says Fitch analyst Ken Ritz. "The risk profile of the company's loans is problematic." Synovus, which executives of the bank say has applied for funds but has not yet been approved, has also been hard hit by the real estate downturn. The bank, based in Columbus, Ga., with 34 branches and 440 ATMs...
...three decades ago. Stamford, Conn., mayor Dannel Malloy says his city is sure to suffer from Wall Street's swoon. In the past few years, a number of large financial firms, including UBS, have moved thousands of investment-banking and trading jobs to the city. Already, a proposed Ritz-Carlton hotel and convention center has been put on hold, and city officials are afraid a large financial firm that was looking to rent 10,000 sq. ft. downtown will pull out as well. "Clearly we will see some softening," says Malloy. "Although as a lower-cost alternative for the financial...
NABISCO South Korea Ritz-cracker cheese sandwiches...