Handshake and money

Strategic Hotels & Resorts acquires remaining interest in the Hotel del Coronado

Fri, 13/06/2014 - 14:04

Strategic Hotels & Resorts has closed on the acquisition of the remaining 63.6 per cent ownership interest in the Hotel del Coronado for USD210.0 million. 

The transaction valued the asset at USD787.0 million and includes the assumption of the existing USD475.0 million mortgage financing. 
 
The closing of the transaction is reflected in the company's full-year 2014 guidance.


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