As Starwood looks to sell real estate prior to the Marriott acquisition, Bloomberg reports that the Qatar Investment Authority is in the final stages of a deal to buy the St. Regis New York and San Francisco. The St. Regis has 238 rooms, while the San Fran location has 260 rooms. The publication reports that Starwood is also looking to unload the Westin Maui, Westin Peachtree, and the Tremont Chicago as well as the leasehold for the W Times Square.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
2 comments
Excellent !
Maybe now Qatar will start to fly to SFO
Confused. Why would Marriott be okay with them unloading assets after they set a sale price?