 After more than a year of legal work, Hale and Dorr succeeded at clearing the bond obligations, and in October 1964 Blakeley and associates Paul Hellmuth and Charles Spaulding acquired the Ritz-Carlton Boston for $5.8 million.“Out of the 20 years I owned it, it made money three years.The other years it broke even, but from a public relations standpoint for CC&F, it was a tremendous asset,” said Blakeley, who completed a 19-story Ritz-Carlton luxury condominium complex on land adjacent to the hotel in 1981.