Marriott International Sells The St. Regis San Francisco; Retains Long-term Management Agreement

Marriott International, Inc. (NASDAQ: MAR) today announced it has completed the sale of The St. Regis San Francisco hotel for approximately $175 million to Qatar Investment Authority (QIA). Marriott will continue to manage the hotel under a long-term management contract. “We have a strong and successful partnership with QIA and we are thrilled that this…