Marriott International Inc. sold the St. Regis New York for USD 310 million to Qatar’s sovereign wealth fund. The historic property was built in 1904, and houses over 200 guestrooms. 

According to Bloomberg, the purchase gives Qatar Investment Authority another trophy asset to add to an expanding portfolio across the globe. 

Marriott had acquired the Manhattan property when it bought Starwood Hotels & Resorts in 2016.