Starwood Sells St Regis Bal Harbour Resort to Al Rayyan Tourism Investment Company for $213M

Starwood Hotels & Resorts Worldwide HOT and Al Rayyan Tourism Investment Company (”ARTIC”), the international hospitality subsidiary of Al Faisal Holding Company, one of Qatar's largest private diversified industry groups, today announced that ARTIC has acquired The St. Regis Bal Harbour Resort in Miami, Florida for $213 million. The property will continue to be managed under a long-term agreement by Starwood Hotels and also continue to fly the St. Regis flag. See full press release