Strategic Hotel Capital today announced that the company has entered into an agreement to
sell The Embassy Suites Lake Buena Vista Resort to HEI Hospitality for
approximately $56.4 million, or $169,520 per room.The transaction aligns with the company’s strategy to dispose of non-core
assets, and subject to customary closing conditions, is anticipated to close
during the fourth quarter. The 333-room property contributed $4.5 million of
EBITDA on a trailing twelve-month basis.