This excerpt taken from the BEE 8-K filed Feb 28, 2008.
2007 Portfolio Review
The company closed on the acquisition of the 116-room Hotel Le Parc for 66.5 million ($91.0 million) from Accor SA.
The company closed on the disposition of the Hyatt Regency New Orleans to Poydras Properties Hotel Holdings Co., LLC for a gross sales price of $32.0 million.
The company closed on the purchase of approximately 60 acres of oceanfront land near the Four Seasons Punta Mita Resort in Nayarit, Mexico for a mixed-use
development for an effective purchase price of $45.8 million.
The company entered into a joint venture agreement with an affiliate of GIC Real Estate Pte Ltd (GIC RE) for GIC RE to acquire a 49.0 percent interest in the
companys InterContinental Chicago and Hyatt Regency La Jolla hotels for a gross valuation of $450.0 million. The joint venture entered into a long-term asset management agreement with Strategic Hotels & Resorts, under which the
company earns asset management fees in addition to various other fees and promotes for its services.
The company entered into a partnership with Sunstone to own and operate BuyEfficient, an electronic purchasing platform that allows members to procure food,
operating supplies, furniture, fixtures and equipment. Under the terms of the agreement, the company acquired a 50.0 percent interest in BuyEfficient, LLC from Sunstone for a gross sales price of $6.3 million.
This excerpt taken from the BEE 8-K filed Mar 1, 2007.
The company closed on seven acquisitions totaling $2.4 billion, including the Hotel del Coronado, the Four Seasons Washington, D.C., the Westin St. Francis, the
Ritz-Carlton Laguna Niguel, the Marriott Grosvenor Square, the InterContinental Prague and the Fairmont Scottsdale Princess.
The company closed on two dispositions totaling $181.0 million, including the Marriott Rancho Las Palmas and the Hilton Burbank Airport.
The company closed on the acquisition of the La Solana Hotel and Villas development site in Nayarit, Mexico, which is adjacent to the companys existing Four
Seasons Punta Mita Hotel.
The company entered into an agreement to acquire at completion an interest in a to-be-built mixed use building adjacent to the Fairmont Chicago property, consisting
of approximately 15 floors that will primarily house 210 hotel suites, meeting and prefunction space, the hotel lobby and related areas, for approximately $82.4 million.