St. Regis Hotels & Resorts is a

luxury hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a ref ...

chain owned and managed by

Marriott International Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging including hotel, residential, and timeshare properties. It is headquartered in Bethesda, Maryland. The company was founded by ...

History

In 1904, John Jacob Astor built the

St. Regis New York The St. Regis New York is a historic luxury hotel at 2 East 55th Street, at the southeast corner with Fifth Avenue, in the Midtown Manhattan neighborhood of New York City. The hotel was originally developed by John Jacob Astor IV and was compl ...

as a sister property to his part-owned

Waldorf-Astoria Hotel The Waldorf Astoria New York is a luxury hotel and condominium residence in Midtown Manhattan in New York City. The structure, at 301 Park Avenue between 49th and 50th Streets, is a 47-story Art Deco landmark designed by architects Schult ...

. 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 Sheraton Hotels and Resorts is an international semi-luxury hotel chain owned by Marriott International. As of June 30, 2020, Sheraton operates 446 hotels with 155,617 rooms globally, including locations in North America, Africa, Asia Pacific, Ce ...

purchased the property. After an extensive restoration in 1991, the hotel became the flagship for the Sheraton premier hotels rebranded as the ITT Sheraton Luxury Collection. In 1998, Starwood acquired the Sheraton brand, and created a new St. Regis brand. In September 2016, Marriott gained the St. Regis chain as part of its acquisition of Starwood. The brand name cannot be used in the lower mainland of

British Columbia British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, for ...

, because the name is legally owned by the independent St. Regis Hotel, Vancouver, built in 1913.

Accommodations

Locations

There are over 60 St. Regis-branded hotels around the world with over 10,000 rooms. Some of the better-known properties include: * The St. Regis Bal Harbour * The St. Regis Chicago * The St. Regis Mexico City * The St. Regis New York * The St. Regis Toronto * The St. Regis Washington, D.C. * The St. Regis Zhuhai

The Tokenization of The St. Regis Aspen

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.

References

External links

* Hotels established in 1904 Marriott International brands {{hotel-stub