| The Qatar Investment Authority, the energy-rich nation’s sovereign wealth fund, is reportedly in advanced negotiations to buy the St. Regis luxury hotels in New York and San Francisco from Starwood Hotels & Resorts.
Both hotels are owned by Starwood Hotels & Resorts, which is currently finalizing a $12.4 billion takeover by fellow international hotel chain Marriott International that is expected to create the world’s largest hotel operator. Starwood is looking to sell five U.S. hotels in advance of the deal’s closing, including properties in Maui, Atlanta and Chicago, while also seeking a leasehold sale of the W New York in Times Square...............................................Full Article: Source
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