Marriott Completes Sale of The St. Regis San Francisco to Qatar Investment Authority for $175 million

Marriott International | December 1, 2016

Marriott to retain long-term management agreement Marriott International, Inc. (NASDAQ: MAR) today announced it has completed the sale of The St. Regis San Francisco hotel for approximately $175 million to Qatar Investment Authority (QIA). 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 ...