Shareholder Orange Capital Sends Letter to Strategic Hotels Director Regarding Sale of Punta Mita Resort

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Orange Capital, LLC (“Orange Capital”) holder of approximately 4% of the stock of Strategic Hotels & Resorts (NYSE: BEE) (“Strategic Hotels” or the “Company”), today announced it has issued the following letter to Ms. Sheli Z. Rosenberg, Strategic Hotels' Lead Independent Director: Letter Copy: Ms. Sheli Z. RosenbergLead Independent DirectorStrategic Hotels & Resorts, Inc.200 West Madison StreetSuite 1700Chicago, IL 60606 Dear Ms. Rosenberg: One of the reasons that we and, we believe, other shareholders are attracted to the investment potential of Strategic Hotels & Resorts ("Strategic Hotels" or the "Company") is that it is

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