Real Estate Investment Trust Closes Sale of Mexico City Hotel

Strategic Hotels & Resorts, Inc. announced Thursday that the company closed on its disposition of the Four Seasons Mexico City hotel to an affiliate of Meridia Capital for a purchase price of $54 million. Strategic Hotels & Resorts, Inc. is a real estate investment trust (REIT) which owns and provides value-enhancing asset management of high-end hotels and resorts in the U.S., Mexico and Europe. The company currently has ownership interests in 18 properties with an aggregate of 8,118 rooms.