Qatar Investment Authority (QIA) has completed the acquisition of the St Regis San Francisco for approximately $175 million from Marriott International.
Marriott will continue to manage the hotel under a long-term management contract, the hotelier said in a statement.
The 260-room St Regis San Francisco hotel, which includes 15,000 sq ft of meeting space, is located in the heart of one of city’s most vibrant neighbourhoods with numerous art galleries and museums.
The hotel, which is due to undergo a renovation covering the guestrooms and public areas, has an indoor heated 50-foot infinity pool.
“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 US,” said Arne Sorenson, Marriott International’s president and CEO.
“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.”
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