Strategic Hotels & Resorts to Evaluate Board Composition
Strategic Hotels & Resorts, Inc. (NYSE:BEE) , today announced that it plans to appoint up to three new independent directors to sit on the company's board.
The company will conduct the process to identify potential candidates in consultation with a number of its significant stockholders.
"It is wise to re-evaluate the composition of the board of directors, especially during these challenging times. Our goal is to have a Board of Directors that possesses a wide range of experience, skills, and opinions. We are pleased to be considering new board members with backgrounds and abilities that will complement and strengthen our board," stated William Prezant, Chairman of the Board of Directors of the company.
Strategic Hotels & Resorts, Inc. owns and provides value-enhancing asset management of high-end hotels and resorts in the United States, Mexico and Europe. The company currently has ownership interests in 19 properties with an aggregate of 8,346 rooms.
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