Strategic Hotels & Resorts Announces Public Offering of 16M Shares

Strategic Hotels & Resorts, Inc.

announced today that it plans to make a public offering of 16 million shares of its common stock. The Company expects to grant the underwriters an option to purchase up to 2.4 million additional shares of common stock to cover over-allotments, if any. Deutsche Bank Securities and Raymond James & Associates, Inc. will act as joint book-running managers for the Offering.