Paul Hastings Advises Strategic Hotels & Resorts on Follow-On Public Offering
April 23, 2012
New York, NY (April 23, 2012) - Paul Hastings LLP, a leading global law firm, announced today that the firm advised Strategic Hotels & Resorts, Inc., 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.
The company sold a total of 18.4 million shares of common stock, including 2.4 million shares of common stock issued pursuant to the exercise in full of the underwriters' over-allotment option. Strategic Hotels received approximately $114.4 million from the offering after deducting the underwriting discounts and commissions and expenses related to the offering.
Securities & Capital Markets chair and partner
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