| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
283 |
| Employees |
3,200 |
| Revenues (TTM) (Millions $) |
2,699 |
| Net Income (TTM) (Millions $) |
67 |
| Cash Flow (TTM) (Millions $) |
-104 |
| Capital Exp. (TTM) (Millions $) |
535 |
Business Description
Strategic Hotels & Resorts, Inc. is a publicly-traded real estate investment trust (REIT) that primarily invests in luxury hotels and resorts located primarily in the United States but also in Europe, Mexico and the Caribbean. The company was founded in 1997 and is headquartered in Chicago, Illinois.
Strategic Hotels & Resorts owns and manages 16 high-end properties across the United States, including prime locations such as New York City, San Francisco, Chicago, Washington D.C., and Los Angeles. The majority of its portfolio consists of luxury hotels that are affiliated with major international brands such as the Four Seasons, Ritz-Carlton, InterContinental, and JW Marriott.
The company's primary objective is to maximize shareholder value by investing in upscale hotels and resorts located in prime locations that have the potential to generate significant revenue and strong returns on investment. It seeks to achieve this objective by acquiring and operating select-service hotels and resorts that are located in key urban and resort markets.
Strategic Hotels & Resorts' primary source of revenue is generated through the operation of its hotels, including room rentals, food and beverage sales, spa and fitness services, conference and event services, and other ancillary services. The company's strategy is to leverage its expertise in the hospitality industry to increase its revenue, reduce its operating costs, and optimize its operational efficiency.
In addition to its ownership and management of luxury hotels and resorts, Strategic Hotels & Resorts has established a reputation for its commitment to environmental sustainability. The company has implemented a number of initiatives to reduce its environmental footprint, including the use of energy-efficient lighting and HVAC systems, as well as the implementation of a comprehensive recycling program.
Overall, Strategic Hotels & Resorts is a successful publicly-traded REIT that has established a strong reputation for its portfolio of high-end properties in the United States and abroad, as well as its commitment to environmental sustainability. Its focus on the luxury hotel and resort segment positions the company well to benefit from the growing demand for upscale accommodations in key urban and resort markets.
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