TravelNewsAsia.com
Fri, 2 December 2016

St. Regis San Francisco Hotel Sold to Qatar Investment Authority

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.

See other recent news regarding: Marriott, Qatar, San Francisco.

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