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Dubai Investment Group

16/09/2012 Dubai Investment Group announces the completion of the sale of the Jumeirah Essex House Hotel

Dubai Investment Group announces today the completion of the sale of the Jumeirah Essex House Hotel.The hotel was sold for a gross purchase price of approximately $362.3 million to Strategic Hotels & Resorts Inc. (NYSE: BEE).The proceeds from the transaction will be used to pay down outstanding bank loans on the property.

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