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STRATEGIC HOTELS & RESORTS acquires two FOUR SEASONS hotels in U.S.

Strategic Hotels & Resorts (BEE.N) is using USD 95 million in stock to buy two Four Seasons hotels from the Woodbridge Company, thus becoming its largest investor. Four Seasons Jackson Hole, Wyoming, and Palo Alto, California opened in 2004 and 2006 respectively. The Four Seasons transaction will give Woodbridge a 13.2 percent stake in Strategic Hotels and Resorts.

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