Strategic Hotels & Resorts, Inc. operate as a real estate investment trust (REIT) that engages in the acquisition and management of luxury and upper upscale full-service hotels. The company owns hotels in Mexico City and Punta Mita, Nayarit, Mexico, Prague, Czech Republic, and London, England, and leasehold interests in hotels in Paris, France and Hamburg, Germany. As of February 28, 2007, the company owned interest in 13 hotels, comprising 6,794 rooms, located in Arizona, California, Illinois, Louisiana, Washington, D.C., Mexico and the Czech Republic The company has five leases with unaffiliated lessors, two leasehold interests in hotels in Paris, France and Hamburg, Germany, two ground lease interests in hotels in Lincolnshire, Illinois and in London, England, and a ground lease interest in a land parcel that is part of a hotel property in Scottsdale, Arizona, comprising an aggregate of 1,094 rooms The company owns land held for development of the LaSolana project, which includes a 20.5 acre site for the development of hotel suites and a 27 acre site for the development of for-sale villas and a 10 acre parcel adjacent to the Fairmont Scottsdale Princess. The company owns an 85% interest in the InterContinental Hotel in Miami and the InterContinental Hotel in Chicago, comprising an aggregate of 1,433 rooms. The company owns a 31% interest in and act as asset manager for a joint venture, which joint venture is with two unaffiliated parties, that is developing the Four Seasons Residence Club Punta Mita, a luxury vacation home product that would be sold in fractional ownership interests on property adjacent to its Four Seasons Punta Mita Resort hotel in Mexico. The company owns a 45% interest in a joint venture, which is a joint venture with two unaffiliated parties, that owns a hotel in Coronado, California (San Diego), comprising 679 rooms. The company’s hotels are operated under the upper upscale and luxury brands of Fairmont, Four Seasons, Hyatt, InterContinental, Loews, Marriott, Ritz-Carlton and Westin. The Hotel del Coronado is operated by a specialty management company, KSL Resorts. Tax Status: The company has qualified as a REIT, as such it distributes its taxable income to share holders. History Strategic Hotels & Resorts, Inc. was founded in 1997. It was formerly known as Strategic Hotel Capital, Inc., and changed its name to Strategic Hotels & Resorts, Inc. in March 2006.
strategic hotels & resorts i
(BEE:New York Consolidated)
200 West Madison Street
Chicago, IL 60606
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