CHICAGO, Ill. (May 1, 2014)- Perkins Coie represented client Strategic Hotels & Resorts, Inc. (NYSE:BEE), a real estate investment trust (REIT) which owns and provides value enhancing asset management of high-end hotels and resorts in the United States and Europe, in a $300 million stock secured credit facility with an accordion feature allowing for additional borrowing capacity up to $400 million. 

The credit facility is secured by an equity pledge in direct and indirect subsidiaries that own, lease or operate five of the company's assets: Ritz-Carlton Half Moon Bay, Ritz-Carlton Laguna Niguel, the Four Seasons Jackson Hole, Four Seasons Silicon Valley and the Marriott Lincolnshire Hotels.

Led by Chicago partner Bruce Bonjour, the Perkins Coie team included Chicago partners Kurt Neumann and Edward Wicks and Chicago associate Jaime Willis.

Perkins Coie is a leading global law firm, dedicated to helping the world’s most innovative companies solve the legal and business challenges of tomorrow. Learn about our work and values here.

Media Inquiries: Please email Justin Cole, Head of Media Relations.