Paul Hastings Advises Strategic Hotels & Resorts, Inc. in Connection with its $435 Million Follow-on Public Offering of Common Stock
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.
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.