QIA Buys St. Regis Hotel

New York’s iconic St. Regis Hotel was sold last month by Marriott International Inc. to the Qatar Investment Authority for $310 million. The hotel, located on East 55th Street off Fifth Avenue, was opened by John Jacob Astor IV in 1904. The famous Beaux-Arts building is eighteen stories with more than 200 guest rooms. Marriott had acquired the property from Starwood Hotels in 2016, and will continue to manage it for QIA.  This purchase adds to QIA’s existing portfolio in New York, including the Plaza Hotel which it acquired in 2018.  Bernstein Redo, P.C. is proud to part of the QIA team.