Marriott’s St. Regis New York changes owners, but not much else
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Ownership of The St. Regis New York hotel officially changed hands on Thursday, as Marriott sold one of its most iconic properties to the Qatar Investment Authority for $310 million.
The St. Regis New York has been a Manhattan institution ever since American financier John Jacob Astor IV opened the golden doors of the property in 1904. Located at 2 East 55th Street at Fifth Avenue, the 18-story hotel’s King Cole Bar is where the Bloody Mary was invented in 1934 (it was originally called the Red Snapper) and it’s been home to a number of celebrity guests including a Japanese prince; the surrealist artist Salvador Dalí and his wife; and actress Marlene Dietrich.
The St. Regis has even hosted fictional patrons: James Bond stayed here in Ian Fleming’s 1954 novel “Live and Let Die.”
For the latest travel news, deals and points and miles tips subscribe to The Points Guy daily email newsletter.
And this isn’t the first time The St. Regis has changed ownership. Marriott, for example, acquired The St. Regis New York as part of its $13.6 billion dollar acquisition of Starwood Hotels & Resorts in 2016.
At the time of the Starwood acquisition, the Qatar Investment Authority (QIA) considered purchasing both The St. Regis New York and its sister property, The St. Regis San Francisco. Ultimately, the Qatar authority ended up purchasing only The St. Regis San Francisco to a tune of $175 million in December 2016. Two years earlier, the QIA added to its portfolio The St. Regis Rome for just shy of $151 million.
Related: The best starter credit cards
So, what does this acquisition mean for travelers, including Bonvoy members? History suggests that, well, not much will change. Both the San Francisco and Rome properties continue to fly The St. Regis flag.
In fact, Marriott doesn’t own most of the hotels in its massive global portfolio, and focuses instead on earning licensing fees through its franchise ownership model.
Still, The Points Guy reached out to Marriott for comment and will update this story once a statement has been received.
Featured photo by Summer Hull for The Points Guy.
Welcome to The Points Guy!
Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.
With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.
- Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
- Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
- Earn 3X Miles on Delta purchases and purchases made directly with hotels.
- Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
- Earn 1X Miles on all other eligible purchases.
- Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
- Enjoy your first checked bag free on Delta flights.
- Fee Credit for Global Entry or TSA Pre✓®.
- Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
- No Foreign Transaction Fees.
- $250 Annual Fee.
- Terms Apply.
- See Rates & Fees