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Strategic Hotels & Resorts Closes on Disposition of the Marriott Rancho Las Palmas Resort & Spa

Category: North America & West Indies / Carribean islands
This is a press release selected by our editorial committee and published online for free on Tuesday 18 July 2006

Strategic Hotels & Resorts,
Inc. (NYSE: BEE) today announced that the company has closed on its sale of
the Marriott Rancho Las Palmas Resort & Spa in Rancho Mirage, California,
for $56.0 million, or $126,000 per room, to an affiliate of KSL Capital
Partners, LLC.



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