CHICAGO, Strategic Hotel Capital, Inc. (NYSE:SLH) , which operates as Strategic Hotels & Resorts, today announced that the company closed on the previously announced agreement to acquire a 45 percent joint venture ownership interest in the Hotel del Coronado in San Diego, California. An affiliate of Kohlberg Kravis Roberts & Co. holds 41 percent and KSL Resorts holds the remaining 14 percent of the joint venture. The agreed upon market value of the new joint venture was $745 million, of which Strategic's total equity investment was approximately $70 million.

About the Company | Strategic Hotel Capital, Inc. also operates under the name Strategic Hotels & Resorts and is a real estate investment trust, which owns and asset manages high-end hotels and resorts. The company has ownership interests in 17 properties with an aggregate of 8,264 rooms. For further information, please visit the company's website at /.