• Strategic improves

Strategic Hotels raised revpar 8.8% in 2013, but reported a full year loss of USD3.2m. In the US, a 6.1% increase in average room rate combined with a 2.2% improvement in occupancy.

European properties are picking up, with a 5.8% revpar improvement in the fourth quarter. The company expects revpar to grow between 5% and 7% in 2014.
Read the full story here:
http://ir.strategichotels.com/External.File?t=2&item=g7rqBLVLuv81UAmrh20MpyuWXKi7TU2GilmkdWu7DjhFpH59zUaIp/8ENrRVvH08PgybCVKFop8i+nnmJpE0ig==

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