NEW YORK—JLL Hotels & Hospitality has advised on the sale of the St. Regis New York, on behalf of Marriott International. Qatar Investment Authority purchased the 238-key property for $310 million, subject to a long-term management agreement.
JLL Americas Hotels CEO and Global Hotel Desk head Gilda Perez-Alvarado advised on the transaction.
“The St. Regis New York is the quintessential, global trophy asset. Its rich history and positioning as the birthplace of the St. Regis hotel brand make it truly irreplaceable, and a strategic investment,” said Perez-Alvarado.
The St. Regis New York is located in Manhattan’s Midtown East submarket, overlooking Fifth Avenue. The property holds Forbes five-star and AAA five-diamond ratings. Amenities include The Astor Court restaurant and King Cole Bar, and nearly 14,000 sq. ft. of meeting and event space.