• Strategic Q3 growth rate driven

Strategic Hotels and Resorts reported a 7.7% increase in third quarter EBITDA to $33.6bn.

Revpar growth was 7.3% during the quarter and was driven by a 5.4% increase in ADR. CEO Laurence Geller said: "Restructuring our balance sheet and methodically divesting our European portfolio to maximise proceeds remain key priorities for the company."

See the full release here:
http://ir.strategichotels.com/phoenix.zhtml?c=176522&p=irol-newsArticle&ID=1491318&highlight=

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