Blackstone Completes Acquisition of Strategic Hotels & Resorts, Inc.

Published on : Saturday, December 12, 2015

StrategicHotelsStrategic Hotels & Resorts, Inc. announced the completion of the acquisition of the Company by affiliates of Blackstone Real Estate Partners VIII L.P.. The total transaction value is approximately $6 billion.


Pursuant to the transaction, holders of shares of common stock of Strategic Hotels & Resorts, Inc. will be entitled to receive $14.25 in cash, without interest, for each share of the common stock they own, and holders of membership units of the Company’s subsidiary, Strategic Hotel Funding, L.L.C. (other than the Company), will be entitled to receive $14.25 in cash, without interest, for each unit they own. As a result of the completion of the acquisition, the Company’s common stock will cease trading on the New York Stock Exchange.


J.P. Morgan acted as financial advisor to Strategic Hotels & Resorts, Inc. J.P. Morgan and Duff & Phelps provided fairness opinions to the Company’s Board of Directors in connection with the transaction. Sidley Austin LLP acted as legal advisor to Strategic Hotels. Citibank, Deutsche Bank and Goldman Sachs acted as financial advisors to Blackstone. Simpson Thacher & Bartlett LLP acted as legal advisor to Blackstone.


Source:-Strategic Hotels

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 01 AIME 2018 BB
  • 02 WTM 2017
  • 03 EMITT 2018
  • 04 AIME-2018 small
  • 05 iitmindia 2017
  • 06 imtm 2018
  • 06 TTF-Surat 2017
  • 07 balttour 2018
  • 30 PATA


Get our toolbar!
Review on