CHICAGO, May 13, 2015 /PRNewswire/ -- Strategic
Hotels & Resorts, Inc. (NYSE: BEE), today announced that the
Company closed on the acquisition of the Four Seasons Austin hotel
for $197.0 million. The
291-guestroom, AAA Four Diamond hotel is located on approximately
2.3-acres overlooking Lady Bird Lake
in the midst of the Central Business District in Austin, Texas. The hotel features 28
suites, 18,000 square feet of indoor meeting space, two food and
beverage outlets, and a 5,500 square foot spa.
About the Company
Strategic Hotels & Resorts, Inc. is a real estate investment
trust (REIT) which owns and provides value enhancing asset
management of high-end hotels and resorts in the United States and Europe. The Company currently has ownership
interests in 19 properties with an aggregate of 8,616 rooms and
893,000 square feet of multi-purpose meeting and banqueting space.
For a list of current properties and for further information,
please visit the Company's website at www.strategichotels.com.
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SOURCE Strategic Hotels & Resorts, Inc.