Strategic Hotels & Resorts

Strategic Hotels & Resorts is an American REIT in the hospitality industry. It was publicly traded on the as BEE. The company owns 18 luxury hotels, 17 of which are located in the United States and one of which is in Germany.

In September 2015, Strategic Hotels & Resorts sold itself to The Blackstone Group for $6 billion.

Bill Gates through his investment firm, Cascade Investments Inc., has purchased 1.74 million shares of Strategic Hotels & Resorts Inc.’s common stock at a total price of $21.45 million – totaling 9.8% of the REIT’s shares. Gates is the sole owner of the investment firm.

In March 2016, only 3 months after the Blackstone transaction closed, Anbang Insurance Group purchased Strategic for $6.5 billion.

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