Strategic Sale of Lake Buena Vista Resort
BUENA VISTA, August 30, 2005. Strategic Hotel Capital today announced that the company has entered into an agreement to sell The Embassy Suites Lake Buena Vista Resort to HEI Hospitality for approximately $56.4 million, or $169,520 per room.
The transaction aligns with the company's strategy to dispose of non-core assets, and subject to customary closing conditions, is anticipated to close during the fourth quarter. The 333-room property contributed $4.5 million of EBITDA on a trailing twelve-month basis.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
