Qatar Acquires St. Regis San Francisco for $175M
The Qatar Investment Authority acquired the St. Regis in San Francisco from Marriott International Inc. for $175 million. The 260-room, 40-story landmark property will continue under the Marriott-branded flag.
The addition is part of QIA’s larger strategy of increasing its hotel holdings. The well-funded sovereign wealth fund has acquired $38 billion in assets since 2009.
The hotel will undergo a renovation covering the guestrooms and public areas. The property is adjacent to the revitalized SFMOMA, which re-opened its doors to the public earlier this summer.
The St. Regis San Francisco opened in November 2005, and was designed by Skidmore, Owings & Merrill. The property includes 100 private residences rising 19 floors above the hotel.
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