Marriott International Hotels Group has completed its New York St. Regis Hotel (St. Regis New York) with 3.Sold to Qatar Investment Authority, the sovereign wealth fund of Qatar, for US$100 million，hereinafter referred to as QIA)。The St. Regis New York is also considered the flagship store of St. Regis Hotels，Other St. Regis hotels remain owned by Marriott International。

The St. Regis New York is located on East 55th Street near Fifth Avenue，Founded in 1904 by John Jacob Astor IV。This 18-story building has more than 200 guest rooms and a King Cole Bar，It is said that the cocktail "Bloody 188bet Online Sports Betting and Casino Mary" was born here。Thursday night room rates at the St. Regis New York range from $779 to over $4,000。According to the long-term management agreement signed by both parties，Marriott will continue to operate the hotel in the future。

Marriott Chief Financial Officer Leeny Oberg said: “This transaction underscores our continued commitment to our asset-light business model。This model not only allows us to achieve strong returns on invested capital，Also provides tremendous scale and operating leverage，Helps drive revenue、Growth in cash flow and shareholder returns。”

In recent years，QIA has been increasing its investment in the United States，This acquisition is not their first time in New York。July 2018，QIA acquires the Plaza Hotel, four blocks south of the St. Regis New York, for approximately $600 million。April this year，QIA announced its investment in shops within the St. Regis Hotel。

Marriott acquired Starwood Hotels and Resorts in 2016 & Resorts) together acquired its St. Regis Hotel，The transaction value of acquiring Starwood at that time was as high as 13.6 billion US dollars，It can be said to have reshaped the global hotel industry。Since then，The St. Regis Hotel has been repositioned as a 188bet app download luxury hotel brand，The St. Regis Hotel in Istanbul、Hong Kong、There are branches in Miami and other places。

Marriott Group recently responded with 2.Acquired W New York Union Square for US$0.6 billion，Aimed at promoting W Hotels brand renewal。In addition, Marriott Group also agreed to invest 1.USD 300 million acquisition Elegant Hotels Group Plc，And help the latter enter the all-inclusive resort hotel market。

Qatar Royalty via Katara Hospitality、Qatari Diar、Constellation、Artic、Multiple entities including QIA and Qatar Foundation，More than 120 luxury hotels around the world，includes Raffles Singapore、Peninsula Paris、Iconic hotels like The Savoy。2014，QIA is just below 1.Acquired the St. Regis Hotel in Rome (St for US$5.1 billion. Regis Rome)。2016，QIA with 1.Acquired the St. Regis San Francisco Hotel (St from Marriott Group for US$7.5 billion. Regis San Francisco）。

188bet app download Wen LaiSource: Luxe.CO, author：Jin Daixi，Original title: "Qatar Investment Authority with 3.USD 100 million to acquire the St. Regis New York hotel from Marriott Group》.