Qatar investment authority (qia) acquired st. regis new york operating llc from marriott international, inc. (nasdaqgs:mar) for approximately $310 million.

Qatar investment authority (qia) acquired st. regis new york operating llc from marriott international, inc. (nasdaqgs:mar) for approximately $310 million on october 31, 2019. marriott will continue to operate the hotel under a long-term management agreement with qia. gary axelrod of latham & watkins llp acted as legal advisor to marriott international, inc. vered rabia of skadden, arps, slate, meagher & flom llp acted as legal advisor to qatar investment authority in the transaction. qatar investment authority (qia) completed the acquisition of st. regis new york operating llc from marriott international, inc. (nasdaqgs:mar) on october 31, 2019.
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