CHICAGO, Strategic Hotel Capital, Inc. (NYSE:SLH) announced today that it has successfully completed its investment in an 85% controlling interest in the InterContinental hotels in Chicago and Miami with an agreed-upon aggregate value totaling $303.5 million. The remaining 15% interest is held by InterContinental Hotels. The partnerships were financed with a $202 million mortgage loan, and SLH's equity investment was funded through proceeds from a previously closed preferred equity offering.
About the Company | Strategic Hotel Capital, Inc., is a real estate investment trust (REIT) which owns and asset manages high-end hotels and resorts. The company has ownership interests in 17 properties with an aggregate 7,640 rooms. For further information, please visit the company's website at
www.shci.com/.
