April 21, 2012

Willkie represented the underwriters in the offering, valued at up to $114.4 million.

On April 18, Strategic Hotels & Resorts, Inc. announced that it priced its previously announced underwritten public offering of 16 million shares of its common stock at $6.50 per share, for a total deal value of up to $114.4 million if the underwriters’ over-allotment option is exercised in full. Willkie represented the underwriters, led by joint book-running managers Deutsche Bank Securities and Raymond James & Associates, Inc., in the transaction. The offering closed on April 23. Strategic Hotels & Resorts, is a real estate investment trust (REIT) which owns and manages high-end hotels and resorts in the United States, Mexico and Europe. The deal was handled by partners David Boston and Laura Delanoy and associates Howard Block and Tyler Barnett.

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