In January 2014,
Starwood Hotels & Resorts Worldwide sold the St. Regis Bal Harbour Resort to the Al Faisal Holding Company's real estate and hospitality focused subsidiary, Al Rayyan Tourism Investment Company (ARTIC), for $213 million.
[i] The previous owner Starwood would continue to serve as the property managers and the resort would continue to operate as a St. Regis resort. According to a 2014 report, the deal is among the largest property sales in South Florida. In 2016, ARTIC allocated $35 million in order to add a restaurant, three, four-bedroom suites, and a renovated lobby to the St. Regis Bal Harbour resort. == Partnership with Qatar Airways ==