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