St. Regis Hotels & Resorts (/seɪnt ˈriːdʒɪs/) is an American multinational luxury hotel chain, owned and managed by Marriott International.
In 1904, John Jacob Astor built the St. Regis New York as a sister property to his part-owned Waldorf-Astoria Hotel. Exhibiting luxury and technological advance, each room had its own telephone. Ownership changes, a new wing, and restorations occurred over the following decades. In 1966, Sheraton Hotels purchased the property.[2] After an extensive restoration in 1991, the hotel became the flagship for the Sheraton premier hotels rebranded as the ITT Sheraton Luxury Collection.[3]
In 1997, Starwood Hotels and Resorts acquired Sheraton from ITT.[4]
The St. Regis brand was launched in 1998,[5] when Starwood rebranded a former Ritz-Carlton property it had bought in Aspen, Colorado as The St. Regis Aspen.[6] In 1999, Starwood rebranded the Carlton Hotel in Washington, D.C.[7] and two more former Ritz-Carlton properties in Houston[8] and Philadelphia[9] as St. Regis hotels.
In September 2016, Marriott gained the St. Regis chain as part of its acquisition of Starwood.[10]
The brand name cannot be used in the lower mainland of British Columbia, because the name is legally owned by the independent St. Regis Hotel, Vancouver, built in 1913.[11]
In January 2018, SolidBlock created a smart contract and digitized platform for the tokenization of The St. Regis Aspen, which became the first private single asset real estate investment trust (REIT) in the US to issue a Security Token Offering and traded on the blockchain. Through an intensive campaign, $18 million was raised - nearly one-fifth of the equity deal sold through digital tokens to investors worldwide.[12]
Currently, there are 58 St. Regis-branded hotels around the world with over 10,000 rooms.[21][17]
….ITT Corp., and its Boston-based Sheraton Hotels….embraced bid by upstart Starwood Lodging Trust….
….St. Regis and Westin brands.
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