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 QIAs collection of Marriott-branded hotels to the U.S., said Arne Sorenson, Marriott Internationals 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 Franciscos 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.

Receive our Latest Travel News Daily Email free of charge by entering your email address and name in the boxes to the right and clicking subscribe. By subscribing, you agree with Revue's Terms of Service and Privacy Policy. You can also receive the news by WhatsApp, stay updated with our RSS Feed Travel Industry News by TravelNewsAsia.com, and even Add the Headlines to Your Website free of charge. Have questions? Please read our travel news FAQ.

     
Advertising
Advertising
Copyright © 1997-2022 TravelNewsAsia.com