Latest articles tagged Strategic Hotels

Mr. Gellein assumes the position from William (Bill) Prezant, who elected to relinquish his duties as Chairman. Mr. Prezant will continue to serve as a member of the Board of Directors. - More

Comparable EBITDA was $22.0 million compared with $22.8 million in the prior year period, a decline of 3.3 percent. - More

North American total revenue per available room (Total RevPAR) decreased 15.2 percent and revenue per available room (RevPAR) decreased 13.9 percent driven by a 1.5 percentage point decrease in occupancy and an 11.8 percent decrease in average daily rate (ADR). Non-rooms revenue declined by 16.8 percent. - More

Strategic Hotels & Resorts, Inc. (NYSE: BEE), announced that the company has entered into an amendment with Aareal Bank AG on the euro 104 million non-recourse loan securing the InterContinental Prague Hotel. - More

Strategic Hotels & Resorts, Inc. (NYSE:BEE) , today announced that the company has signed a purchase and sale agreement for the sale of the Renaissance Paris Hotel Le Parc Trocadero to an investment group led by an affiliate of Westmont Hospitality for a gross price of euro 35.5 million ($51.5 million), or approximately euro 305,000 per room. - More

Strategic Hotels & Resorts, Inc. (NYSE:BEE) , today announced that the company closed on its disposition of the Four Seasons Mexico City hotel to an affiliate of Meridia Capital for a purchase price of $54.0 million. - More