Marriott International on Thursday announced it has completed the sale of The St. Regis San Francisco hotel for approximately US$175 million to Qatar Investment Authority (QIA).
Marriott will continue to manage the 260-room 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.”