Strategic Hotels reportedly taps brokerage to study possibility of sale

06/14/2013 | Reuters

Strategic Hotels and Resorts is said to have hired brokerage firm Eastdil Secured to study options for selling the company. Strategic controls a hotel portfolio valued at about $3.5 billion. The sudden exit of founder and former CEO Laurence Geller in November had ignited speculation that the luxury-hotel operator may be headed for the market.

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