Tag Archives: Raymond L. “Rip” Gellein

Blackstone Real Estate Partners VIII L.P. to acquire all outstanding shares of common stock of Strategic Hotels & Resorts, Inc. for $6 billion

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CHICAGO, 2015-9-11 — /Travel PR News/ — Strategic Hotels & Resorts, Inc.(NYSE: BEE) (“the Company”) today announced that it has entered into a definitive agreement with affiliates of Blackstone Real Estate Partners VIII L.P., under which Blackstone will acquire all outstanding shares of common stock of Strategic Hotels & Resorts, Inc., for $14.25 per share… Read the full press release

Strategic Hotels & Resorts retains J.P. Morgan; explores potential sale

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CHICAGO, 2015-8-19 — /Travel PR News/ — Strategic Hotels & Resorts, Inc.(NYSE: BEE) announced today that its Board of Directors is exploring possible strategic alternatives for the Company, including the potential sale of the Company. The Company has retained J.P. Morgan as financial advisor. “Our Board of Directors and management team remain committed to acting… Read the full press release