Strategic Hotels & Resorts to Sell The Four Seasons Punta Mita Resort to Cascade Investment for $200M

Strategic Hotels & Resorts, Inc. (NYSE: BEE ) announced today that the Company has signed an agreement with Cascade Investment, L.L.C. to sell the Four Seasons Punta Mita resort and the adjacent La Solana land parcel for gross consideration of $200 million, or approximately $1.1 million per key. Adjusting