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Strategic Hotels CEO Talks Four Seasons Acquisition

AUSTIN—Earlier this week, Strategic Hotels & Resorts Inc., announced its entry into the Texas market with its intention to acquire the Four Seasons Austin. GlobeSt.com's Anna Caplan recently spoke with Rip Gellein, Strategic's chairman and CEO, to learn more about the deal.

By Anna Caplan | Updated on May 07, 2015

AUSTIN—Earlier this week, Strategic Hotels & Resorts Inc., owner of 18 high-end luxury resorts and hotels around the country, announced its intention to acquire the Four Seasons Austin in a $197-million deal. Marking its entrée into the Texas market, Chicago-based Strategic was drawn to Austin’s growth and the ability to strengthen its geographic reach. GlobeSt.com’s Anna Caplan recently spoke with Rip Gellein, Strategic’s chairman and CEO, to learn more about the deal.

GlobeSt.com: What made the hotel such a desirable buy?

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