Vector Group buys initial 7.1% stake in Strategic Hotels & Resorts

By Lisa Kerner

Charlotte, N.C., July 20 - Vector Group Ltd. bought 5,333,526 shares of Strategic Hotels & Resorts, Inc. for approximately $7.14 million, excluding commissions, according to a schedule 13D filed with the Securities and Exchange Commission on Monday.

The shares were purchased between June 2 and July 8.

The purchases give Vector an initial 7.1% stake in the Chicago-based real estate investment trust.

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