CHICAGO, Aug. 28, 2014 /PRNewswire/ -- Strategic Hotels
& Resorts, Inc. (NYSE: BEE), announced today that its Board
of Directors has declared a quarterly dividend of $0.51563 per share of 8.25 percent Series B
Cumulative Redeemable Preferred Stock payable on September 30, 2014 to shareholders of record on
September 15, 2014.
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 and
Europe. The Company currently has
ownership interests in 16 properties with an aggregate of 7,865
rooms and 835,000 square feet of multi-purpose meeting and
banqueting 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.