• Punta response

Strategic Hotels has rebuffed criticism from shareholder Orange Capital that it undersold assets. In a statement, the company says the USD200m sale of the Four Seasons Punta Mita represented great value at USD1m per key.

Strategic says its has received positive feedback from the investment community as a result of the deal. The sale was undertaken as part of a strategy to deleverage the company’s balance sheet.
Read the full story here:
http://ir.strategichotels.com/phoenix.zhtml?c=176522&p=irol-newsArticle&ID=1885354&highlight=

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