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Tag Archives: Strategic Hotels & Resorts

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Blackstone Buys Strategic Hotels for $6 Billion

Blackstone Buys Strategic Hotels for $6 Billion

CHICAGO—Strategic Hotels & Resorts, Inc. has announced that it has entered into a definitive agreement with affiliates of Blackstone Real Estate Partners VIII L.P., under which Blackstone will acquire all outstanding shares of common stock of Strategic Hotels & Resorts, ...

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Strategic Reportedly Seeking Company Buyer

Strategic Hotels & Resorts has reportedly hired a bank to help explore a possible sale of the company, according to a Bloomberg article. Two people familiar with the matter said eBay Founder Pierre Omidyar is among the potential suitors of ...

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Strategic to Acquire Four Seasons Resort Scottsdale

Strategic to Acquire Four Seasons Resort Scottsdale

CHICAGO—Strategic Hotels & Resorts Inc. has signed an agreement to acquire the Four Seasons Resort Scottsdale at Troon North from an affiliate of Walton Street Capital LLC for $140 million, which includes 13.8-acres of developable land zoned for an additional ...

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Strategic Hotels and Resorts Completes Exit from Europe

Strategic Hotels and Resorts Completes Exit from Europe

CHICAGO—Strategic Hotels and Resorts Inc. has announced the closing of the sale of the Marriott London Grosvenor Square hotel and the acquisition of the remaining 50 percent ownership interest in the Fairmont Scottsdale Princess. Combined with the previously completed sale ...

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