now confirmed it's franchise, so because no franchise for st regis (& W)
it is a very good thing that marriott does not franchise those top brands
ir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/quarterly-results/2019/q4-2018-earnings-release.pdf
Dubai : Marriott management of St Regis / W / Westin to be terminated 31 Jul 2018
whether hilton can sign properties like in starwood/marriott luxury collection remains to be seen
hilton is doing ok with waldorf, but not necessarily great so far, not doing franchises