
The Board of Directors of Strategic Hotels & Resorts, a luxury hotel REIT listed on the NYSE, announced it had hired JPMorgan as financial advisor to "explore strategic options".
With an enterprise value of about $6 million -of which about $3.9 billion floating on stock markets-, the REIT is the current owner of 19 properties that are exclusively positioned on the upscale & luxury segments, under the following brands: Fairmon, Four Seasons, InterContinental, KSL Resorts, Loews, Marriott, Montage Hotels & Resorts, Ritz-Carlton, Westin, and even an independent property.
In Europe, Strategic Hotels & Resorts owns real estate of the Marriott Hamburg Hotel, while other owned properties are in the US:
Read also:
- Barcelo finalizes the takeover of Occidental Hoteles
- Will Starwood Hotels & Resorts be sold, rented, or offered a merger proposal?