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Paris Marriott Champs Elysees Hotel Acquired for $41.8 million
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Paris Marriott Champs Elysees Hotel Acquired for $41.8 million

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Strategic Hotels & Resorts, Inc. (NYSE: BEE), today announced that the Company has closed on the sale of its leasehold interest in the Paris Marriott Champs Elysees hotel for euro 29.2 million ($41.8 million). As part of the transaction, the Company also expects to receive an additional euro 11.6 million ($16.6 million) related to the release of the leasehold guarantee and other closing adjustments for total proceeds of euro 40.8 million ($58.4 million).



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