Qatari investor buys the St Regis Rome

2 min reading time

Published on 21/10/14 - Updated on 17/03/22

St Regis Hotel Rome

Starwood Hotels & Resorts announced the sale of The St Regis, Rome to Constellation Hotels Holding Limited for 110 million euros.

Starwood Hotels & Resorts is continuing its asset-light strategy with the sale of The St Regis, Rome. The Qatari Constellation Holding Limited will buy the Italian property for 110 million euros. The property will continue to be operated by Starwood Hotels & Resorts under a long-term management contract.

First opened as the Grand Hotel in 1896 by renowned hotelier César Ritz, the St Regis is located in the center of Rome at Via Vittorio Emanuele Orlando 3, near Piazza della Repubblica. The hotel was renovated in 2000, representing an investment of $35 million. It was first St Regis to open in Europe. Constellation Holding Limited wishes to continue renovations and plans to finance new works to upgrade all 161 of the hotel's rooms and suites, the restaurant, the lobby, meeting rooms, the business center and the facade.

On January 1, 2014, Starwood Hotels & Resorts was the seventh hotel group worldwide in terms of number of rooms according to the ranking made each year by MKG Hospitality, hospitality consulting firm founded by Georges Panayotis. It had 339,243 rooms in 1,161 hotels. (Read our report)

Also read:



  • IHG receives binding offer for InterContinental Paris Le Grand from Constellation

Marriott International

Marriott International

Hotel Group

  • Marriott International United-States
  • Offres d'emplois 45 currents job offers
SEE THE NOTE
For further

Every week, the HON team brings you an expert look at the world of hospitality. By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.

BECOME A MEMBER

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?