The price was about $150 million, or just about $1 million “per key” for the 161-room property. For Starwood Preferred Guest fans, don’t worry. There’s a long-term contract to keep this hotel in the SPG family.
More interesting to me was the news that Constellation plans more renovations to the property:
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.