Strategic Hotels & Resorts Inc.

The total transaction value is approximately $6 billion.

The company has retained J.P. Morgan as financial advisor.

The transaction values the asset at a gross valuation of approximately $397.6 million, which includes $6.3 million of value for

The loan will be interest only and save the venture $4.8 million in annual principal amortization payments which were scheduled

The 210-guestroom, AAA Five Diamond destination resort is located on approximately 40-acres in the northern region of Scottsdale, Arizona.