In a special edition of the The REIT Report: NAREIT’s Weekly Podcast, Fulya Kocak, NAREIT’s vice president for environmental, social and governance issues, spoke with Sara Neff, senior vice president for sustainability at Kilroy Realty Corp. (NYSE: KRC), about solar power technology.
Blackstone to Purchase Strategic Hotels for $6 Billion
Strategic Hotels & Resorts, Inc. (NYSE: BEE) said Sept. 8 that private equity firm Blackstone Group LP has agreed to purchase the REIT for approximately $ 6 billion.
Blackstone agreed to pay $ 14.25 in cash for each Strategic share. That represents a premium of approximately 13 percent above the intra-day trading price on July 23, when a news report pointed to a potential transaction. The acquisition includes Strategic subsidiary Strategic Hotels Funding LLC as well as all of the firm’s outstanding debt.
Luxury, Group Business Boosting Strategic Hotels
Rip Gellein, chairman and CEO of Strategic Hotels & Resorts, Inc. (NYSE: BEE), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
In May, the company closed on the acquisition of the Four Seasons Austin hotel for $ 197 million. The hotel is located in the midst of the city’s central business district. Gellein commented on the qualities that attract Strategic Hotels to the Austin market.
Cousins Properties CEO Reviews Strategic Repositioning of Office Portfolio
Larry Gellerstedt, president and CEO of Cousins Properties (NYSE: CUZ), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Strategic Hotels CEO: Low Lodging Supply to Boost RevPAR Growth
Raymond “Rip” Gellein, chairman and CEO of Strategic Hotels and Resorts, Inc. (NYSE: BEE), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Strategic Hotels is an owner and asset manager of upper-upscale and luxury hotels and resorts. Gellein assessed the outlook for fundamentals in the sector heading into 2015.
Strategic Social Media Marketing for the NY Real Estate Community – KeyLeadsNYC
KeyLeads NYC creates online advertising programs that increase the number and quality of leads for real estate clients in Metro New York. Please visit www.KeyLeadsNYC.com for more information and to read our blog, KEY POINTS.
Video Rating: 4 / 5
www.ataarticles.com
Video Rating: 0 / 5