Do Ritz-Carlton and Four Seasons have an IHG and Regent problem?

When I first started covering the hotel industry years ago, you’d hear the insult that big brands like Marriott International and IHG Hotels & Resorts couldn’t successfully own a luxury or lifestyle brand. Kimpton wasn’t the same since IHG took over, cynics would jeer. The late Marriott CEO Arne Sorenson even admitted partnering with nightlife …