Qatar wealth fund buys St. Regis New York from Marriott for $310m

Qatar wealth fund buys St. Regis New York from Marriott for $310m

The St Regis New York. Photo: Marriott website

Marriott International Inc. has sold the St. Regis New York for $310 million to Qatar’s sovereign wealth fund, offloading a historic property that served as the launching point for an indispensable cocktail and global luxury brand.