Starwood Hotels & Resorts Worldwide, Inc. has sold The St. Regis, Rome to subsidiaries of Constellation Hotels Holding Limited.
Starwood has sold The St. Regis, Rome for €110 million (approximately $150.7 million USD). Starwood will continue to operate the hotel under the St. Regis brand flag as part of a new long-term management agreement.
“The St. Regis, Rome is an outstanding addition to our growing global portfolio of world-class assets in the world’s most desirable destinations,” said Zaki El Guiziri, CEO of Constellation. “Building on its rich legacy, The St. Regis caters to the next generation of luxury travelers with its uncompromising elegance, modern amenities and bespoke service. I take this opportunity to express our thanks to our advisors Hogan Lovells and BNP Paribas for their assistance in the closing of the transaction."
The St. Regis, Rome was originally opened as the Grand Hotel in 1896 by renowned hotelier César Ritz. Following a $35 million refurbishment completed in 2000, The St. Regis, Rome became the first St. Regis hotel to open in Europe and won many prestigious awards. Subject to obtaining the required administrative authorizations, Constellation Hotels Holding will complete further renovations to The St. Regis, Rome, including upgrades to all 161 guestrooms and suites and a redesign of the restaurant and lounge. In addition, improvements will be made to the hotel’s lobby, meeting space, business center and exterior façade.
Ideally located at Via Vittorio Emanuele Orlando 3, The St. Regis, Rome overlooks the Piazza della Repubblica in central Rome. It is within walking distance of the celebrated Via Veneto district of Rome and close to numerous landmarks, including Santa Maria della Vittoria, Sainta Susanna at the baths of Diocletian, Fountain of Moses, St. Mary of the Angels and the Martyrs, The National Museum of Rome and Via Nazionale.