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Strategic Hotels Buys Blackstone's Stake In $787M Resort

By Chelsea Naso ( May 27, 2014, 8:29 PM EDT) -- Real estate investment trust Strategic Hotels & Resorts Inc. bought out a Blackstone Group LP unit's stake in the Hotel del Coronado, taking full ownership of the 25-acre oceanfront resort property on California's Coronado Island in a deal that values it at $787 million, according to a Tuesday statement....

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