CHICAGO, Oct. 1, 2012 /PRNewswire/ -- Strategic Hotels & Resorts, Inc. (NYSE: BEE) announced today that it has hired Hodges Ward Elliott, a leading hotel brokerage and investment firm, to advise the Company on the marketing and sale of its Four Seasons Resort Jackson Hole property.
"As we have shown, we will selectively consider both acquisition and disposition opportunities that strengthen our Company for the long-term," said Laurence Geller, President and Chief Executive Officer of Strategic Hotels & Resorts, Inc. "This property is unique in that it is unencumbered by debt, is in pristine condition, and has benefitted from our value enhancing asset management programs. Assuming we do achieve an outcome that meets our criteria, the sale proceeds would be used to further de-lever our balance sheet."
The Four Seasons Resort Jackson Hole opened in 2003 and was acquired by Strategic Hotels in 2011. It includes 124 guestrooms, 45 private residences, of which 32 are included in the hotel's guest room supply, and 12 fractional units. In addition, the resort's 8,000 square feet of indoor conference and banquet space is enhanced by almost 4,000 square feet of outdoor terrace and lawn space. Designed with an undeniably-Western mountain style, the Resort boasts ski-in/ski-out accommodations, an award-winning luxury spa, and is in close proximity to other attractive destinations such as Yellowstone and Teton National Parks.
Recently, the Resort was recognized as the "
Best Performer in the Luxury Segment" category by Smith Travel Research (STR). In addition, it was again recognized as a
Five Diamond Hotel from AAA and received the
2011 Forbes Five-Star Award for its fourth consecutive year. The
Spa at Four Seasons Resort Jackson Hole received the 2011 Forbes Four-Star Award, earning it a status shared by only 108 spas globally, and was recognized as being among the top 100 spa resorts in the US by
Conde Nast's 2012 reader poll.