Qatari firm acquires St. Regis Washington, DC
Doha – Al Rayyan Tourism Investment Company (ARTIC), the international hotel investment and hospitality subsidiary of Al Faisal Holding Company, has acquired the award-winning premier luxury hotel St. Regis Washington, DC.
“I am pleased with this acquisition. St. Regis Washington DC. fits perfectly with our expansion strategy and investment criteria. It has an extraordinary location, superb asset quality and beautiful architecture. ARTIC is taking significant strides towards achieving its objective of building a portfolio of iconic hotels in all of the major cities around the World,” Chairman of ARTIC HE Sheikh Faisal bin Qassim al Thani said.
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Source News: Qatar Tribune