Strategic Hotels & Resorts Declares Third Quarter Dividends

CHICAGO, 9 September 2008 - Strategic Hotels & Resorts, Inc. (NYSE:BEE), announced today that its Board of Directors has declared a quarterly dividend of $0.24 per share of common stock. The dividend is payable to shareholders of record as of the close of business on September 30, 2008 and will be paid on October 10, 2008.

The company also announced today that its Board of Directors has declared a quarterly dividend of $0.53125 per share on its 8.5 percent Series A Cumulative Redeemable Preferred Stock payable on September 30, 2008 to shareholders of record on September 19, 2008; a quarterly dividend of $0.51563 per share on its 8.25 percent Series B Cumulative Redeemable Preferred Stock payable on September 30, 2008 to shareholders of record on September 19, 2008 and a quarterly dividend of $0.51563 per share on its 8.25 percent Series C Cumulative Redeemable Preferred Stock payable on September 30, 2008 to shareholders of record on September 19, 2008.

About the Company

Strategic Hotels & Resorts, Inc. is a real estate investment trust (REIT) which owns and provides value-enhancing asset management of high-end hotels and resorts in the United States, Mexico and Europe. The company currently has ownership interests in 19 properties with an aggregate of 8,347 rooms. For a list of current properties and for further information, please visit the company’s website at http://www.strategichotels.com/.

Source: Strategic Hotels & Resorts, Inc.
 

CONTACT:  Ryan Bowie, Vice President and Treasurer of Strategic Hotels & Resorts, +1-312-658-5766

Click here for more information about Strategic Hotels & Resorts