Strategic Hotels & Resorts enters into a definitive agreement with affiliates of Blackstone Real Estate Partners in a transaction valued at approximately US$6 billion.
Strategic Hotels & Resorts is a real estate investment trust that owns and asset manages high-end hotels and resorts in?the United States.
It has ownership interests in 17 properties with an aggregate of 7,921 rooms and 847,000 square feet of multi-purpose meeting and banqueting space.
