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Strategic Hotels sells InterContinental Prague

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Published on 09/05/10 - Updated on 17/03/22

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Strategic Hotels & Resorts Inc. has agreed to sell the 372-guestroom InterContinental Prague to an investment group led by an affiliate of Westmont Hospitality for €110.6 million, or approximately €297,000 per key. The purchase price includes the outstanding amount of the property's third-party debt...

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