Orange Capital Notes Strategic Hotels & Resorts' Confirmation That Punta Mita Sale Process Was Non-Marketed and Exclusively Negotiated with a Major Shareholder

Orange Capital, holder of approximately 4% of the stock of Strategic Hotels & Resorts

today announced it has issued the following letter to Ms. Sheli Z. Rosenberg, Strategic Hotels' Lead Independent Director: Letter Copy: Ms. Sheli Z. Rosenberg Lead Independent Director Strategic Hotels & Resorts, Inc. 200 West Madison Street Suite 1700 Chicago, IL 60606 Dear