Strategic Hotels & Resorts is an American REIT in the hospitality industry.[1] It was publicly traded on the New York Stock Exchange as BEE.[2] The company owns 18 luxury hotels, 17 of which are located in the United States and one of which is in Germany.[3]
Through his investment firm, Cascade Investment, Bill Gates has purchased 1.74 million shares of Strategic Hotels & Resorts Inc.’s common stock at a total price of $21.45 million – totaling 9.8% of the company's shares. Gates is the sole owner of the investment firm.[4]
In September 2015, Strategic Hotels & Resorts sold itself to The Blackstone Group for $6 billion.[5]