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Strategic Hotels And Resorts Inc Hires Eastdil For Possible Sale-Reuters

Thursday, 13 Jun 2013 04:44pm EDT 

Reuters reported that Strategic Hotels And Resorts Inc has hired investment bank Eastdil Secured to explore a possible sale of the real estate investment trust. The process is in the early stages and materials have not gone out to prospective buyers. Strategic has a market value of about $1.6 billion. Diane Morefield, Strategic Hotels chief financial officer, declined to comment. 

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19 Sep 2014