|Exchange:||New York Stock Exchange|
|Stock:||Strategic Hotels & Resorts, Inc.|
|Industry:||REIT - Hotel & Motel|
|Strategic Hotels & Resorts, Inc. was incorporated in Maryland in January 2004 to acquire and asset-manage upper upscale and luxury hotels that are subject to long-term management contracts. The Company operates as a self-administered and self-managed real estate investment trust (REIT) managed by its board of directors and executive officers and conduct its operations through the Company’s direct and indirect subsidiaries including SH Funding. It does not operate any of its hotels directly; instead it employs internationally known hotel management companies to operate them for the Company under management contracts or operating leases. As of February 27, 2013, the Company wholly owns or leases 14 hotels, have 53.5% and 51.0% interests in affiliates that each own one hotel where the Company asset manage such hotels, and have 50.0% and 36.4% interests in, and act as asset manager for, two unconsolidated affiliates that each own one hotel; owns land held for development including 20.5 acres of oceanfront land adjacent to its Four Seasons Punta Mita Resort, Nayarit, Mexico and 60.0 acres of oceanfront land near the Four Seasons Punta Mita Resort; a 20,000 square-foot parcel of land on the ocean in Santa Monica, California adjacent to its Loews Santa Monica Beach Hotel entitled for development and residential units; and a 31% interest in an unconsolidated affiliate with two unaffiliated parties that is developing the fractional ownership program known as the Four Seasons Residence Club Punta Mita. The Company’s existing hotels are operated under the widely-recognized upper upscale and luxury brands of Fairmont®, Four Seasons®, Hyatt®, InterContinental®, Loews®, Marriott®, Ritz-Carlton® and Westin®. The Hotel del Coronado is operated by a specialty management company, KSL Resorts.|
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