Paul Hastings Represents Strategic Hotels in Acquisition of Remaining Interest in InterContinental Chicago Hotel
New York, NY (June 27, 2011)- Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that the firm represented Strategic Hotels & Resorts, Inc. in the acquisition of the 49 percent interest in the InterContinental Chicago hotel previously held by an affiliate of the Government of Singapore Investment Corporation in exchange for approximately 10.8 million shares of Strategic's common stock at an agreed upon issuance price of $6.50 per share, approximately $11.8 million of cash, pro rata share of working capital and certain reimbursements, subject to a post-closing adjustment.
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