Strategic Hotels & Resorts Declares Fourth Quarter Preferred Dividends

    Strategic Hotels & Resorts Declares Fourth Quarter Preferred Dividends

PR Newswire

CHICAGO, Nov. 29, 2012

CHICAGO, Nov. 29, 2012 /PRNewswire/ -- Strategic Hotels & Resorts, Inc. (NYSE:
BEE), announced today that its Board of Directors has declared a quarterly
dividend of $0.53125 per share of 8.5 percent Series A Cumulative Redeemable
Preferred Stock payable on December 31, 2012 to shareholders of record on
December 14, 2012, a quarterly dividend of $0.51563 per share of 8.25 percent
Series B Cumulative Redeemable Preferred Stock payable on December 31, 2012 to
shareholders of record December 14, 2012 and a quarterly dividend of $0.51563
per share of 8.25 percent Series C Cumulative Redeemable Preferred Stock
payable on December 31, 2012 to shareholders of record December 14, 2012.

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 18 properties with an aggregate of 8,271 rooms and
851,600 square feet of meeting space. For a list of current properties and for
further information, please visit the Company's website at
http://www.strategichotels.com.

This press release contains forward-looking statements about Strategic Hotels
& Resorts, Inc. (the "Company"). These forward looking statements relate to
the payment of dividends on the Company's preferred stock. Forward-looking
statements are based on certain assumptions and can include future
expectations, future plans and strategies, financial and operating projections
or other forward-looking information. These forward-looking statements are
subject to risks and uncertainties, not all of which are known to the Company
and many of which are beyond the Company's control, which could cause actual
results to differ materially from such statements. These risks and
uncertainties are discussed in great detail in the Company's filings with the
Securities and Exchange Commission, including under the heading "Item 1A. Risk
Factors" in the Company's most recent annual report on Form 10-K and
subsequent quarterly reports on Form 10-Q. Although the Company believes the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurance that its expectations will be
attained. The forward-looking statements are made as of the date of this press
release, and the Company undertakes no obligation to publicly update or revise
any forward-looking statement, whether as a result of new information, future
events or otherwise, except as required by law.

SOURCE Strategic Hotels & Resorts, Inc.

Website: http://www.strategichotels.com
Contact: Diane Morefield, EVP & Chief Financial Officer, +1-312-658-5740, or
Jonathan Stanner, Vice President, Capital Markets & Treasurer,
+1-312-658-5746, both of Strategic Hotels & Resorts
 
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