CHICAGO, Nov. 27, 2013 /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, 2013 to shareholders of record on
December 16, 2013, a quarterly
dividend of $0.51563 per share of
8.25 percent Series B Cumulative Redeemable Preferred Stock payable
on December 31, 2013 to shareholders
of record December 16, 2013 and a
quarterly dividend of $0.51563 per
share of 8.25 percent Series C Cumulative Redeemable Preferred
Stock payable on December 31, 2013 to
shareholders of record December 16,
2013.
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 8,272 rooms and
840,000 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.