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Strategic Hotels to sell Paris property

posted 37 weeks ago on ChicagoRealEstateDaily.com

(Crain?s) ? Strategic Hotels & Resorts Inc. is selling a hotel in Paris for $51.5 million, another step in the company?s efforts to reduce its debt burden amid a severe industry downturn. Illustrating just how much hotel values have fallen, the sale price for the 116-room Renaissance ...
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