Strategic Hotels explores sale

July 24, 2015 - Categories: Hospitality News,

Strategic Hotels & Resorts is exploring a sale and has hired an undisclosed bank to help it find a buyer, according to Bloomberg. The company has a market value of about US$3.46 billion.

Among those interested in acquiring Strategic is Pierre Omidyar, founder of Ebay and funder of Ohana Real Estate Investors.

The Ritz-Carlton Half Moon Bay in California is part of Strategic's portfolio. — The Ritz-Carlton Half Moon Bay in California is part of Strategic’s portfolio.

In June 2013, Reuters reported that Strategic hired Eastdil Secured to explore a possible sale of the real estate investment trust.

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