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Stock Market & Financial Investment News

News Breaks
December 17, 2013
10:21 EDTBEEStrategic Hotels says 'continually reviews' options for shareholder value
Strategic Hotels & Resorts issued a statement in response to the Orange Capital release: "The Strategic Hotels & Resorts Board and management team continually reviews options to create value for shareholders. The Company believes the pending sale of the Four Seasons Punta Mita resort and the adjacent La Solana land parcel for a gross consideration of $200 million, or approximately $1.0 million per key, represents excellent value and provides an opportunity to de-leverage the Company's balance sheet consistent with its ongoing strategy. We are pleased with the positive feedback we've received from the investment community, including many large shareholders, and look forward to continuing to create value."
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