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Balance Sheet Cash Flow Statement 77 W. Wacker Dr., Ste. 4600 Chicago, IL 60601 IL Tel. 312-658-5000 Fax 312-658-5799 |
Type: Public
On the web:
http://www.strategichotels.com
Employees:
48
Employee growth: (27.3%)
For Strategic Hotels & Resorts (SHR), the name of the game is hospitality. The self-administered and self-managed real estate investment trust (REIT) owns or has interests in some 18 upscale and luxury hotels in the US, Europe, and Mexico. A significant concentration of its portfolio is hotels located in California. It also leases a handful of hotel properties from landlords in Paris and Hamburg, Germany. The land it owns for development is adjacent to existing hotel resorts. Affiliated brands include Four Seasons, Hyatt, InterContinental, and Marriott. Focused on the asset management aspect of its properties, SHR relies on third-party management companies to handle day-to-day operations at its hotels.
Key numbers for fiscal year ending December, 2008:
Sales: $974.9M
One year growth: (3.3%)
Net income: ($313.4)M
Officers:
Chairman: William A. (Bill) Prezant
President, CEO, and Director: Laurence S. Geller
EVP and CFO: James E. (Jim) Mead
Competitors:
Ashford Hospitality Trust
FelCor
Host Hotels & Resorts
