Paul Hastings Advises Strategic Hotels & Resorts on Follow-On Public Offering
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
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.