Marriott has sold The St. Regis San Francisco
hotel to Qatar Investment Authority
(QIA) for approximately US$175 million.
Marriott will continue to manage the hotel under a
long-term management contract.
“We have a strong and
successful partnership with QIA and we are thrilled that this
iconic hotel will expand QIA’s collection of Marriott-branded
hotels to the U.S.,” said Arne Sorenson, Marriott International’s
president and chief executive officer. “This hotel will remain a
flagship for the St. Regis brand, a jewel in the Marriott
International portfolio and one of San Francisco’s most desired places to stay.”
The 260-room St. Regis San Francisco hotel will undergo a renovation covering the
guestrooms and public areas.
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