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CHICAGO — Strategic Hotels & Resorts Inc. has sold its Lakeshore Athletic Club property in downtown Chicago for $10.5 million to the owner of Lakeshore Sport & Fitness. The property is located on N. Stetson Ave. and is adjacent to the Fairmont Chicago Millennium Park Hotel. The buyer plans to reopen the facility as a health club as soon as possible. Strategic Hotels & Resorts will use the proceeds from the sale to reduce debt on its revolving credit facility.