The Qatar Investment Authority has acquired the The St. Regis San Francisco hotel in a $175 million sale. The seller, Marriott International, will continue to manage the hotel under a long-term management contract. The 260-room hotel offers 15,000 sqf of meeting space and is located in the heart of San Francisco. The hotel will undergo a renovation covering the guestrooms and public areas.
“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.”
