| Qatar's sovereign wealth fund is reportedly in talks to buy luxury hotels in New York and San Francisco from Starwood Hotels & Resorts Worldwide. Bloomberg reported on Thursday that the Qatar Investment Authority is in advanced talks to buy the St Regis hotels, citing people with knowledge of the discussions.
The properties may be worth as much as $1 billion, the sources told Bloomberg. The St Regis New York on 55th Street off Fifth Avenue, has 238 rooms while the California property has 260 rooms...............................................Full Article: Source
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