Breaking Travel News

Strategic Sale of Lake Buena Vista Resort

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.