New York, NY -
Paul Hastings LLP, a leading global law firm, announced today that the firm advised Strategic Hotels & Resorts, Inc. (NYSE: BEE), a real estate investment trust which owns and provides value-enhancing asset management of high-end hotels and resorts, in connection with its follow-on public offering of common stock.
The company sold a total of 41.4 million shares of common stock (including 5.4 million shares of common stock issued pursuant to the exercise in full of the underwriters' over-allotment option) and raised gross proceeds of approximately $434.7 million.
Securities & Capital Markets partners Michael L. Zuppone
and Yariv Katz
led the Paul Hastings team, which also included associates Keith Gartner
and Melissa Fishkin
Paul Hastings has represented Strategic Hotels since 2005 and has since that time represented Strategic Hotels in connection with over 10 equity and debt financings and numerous other matters. Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.