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STRATEGIC HOTELS & RESORTS DECLARES SECOND QUARTER PREFERRED DIVIDENDS

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May 29, 2013

STRATEGIC HOTELS & RESORTS DECLARES SECOND QUARTER PREFERRED DIVIDENDS

CHICAGO,?May 28, 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?July 1, 2013?to shareholders of record on?June 14, 2013, a quarterly dividend of?$0.51563?per share of 8.25 percent Series B Cumulative Redeemable Preferred Stock payable on?July 1, 2013?to shareholders of recordJune 14, 2013?and a quarterly dividend of?$0.51563?per share of 8.25 percent Series C Cumulative Redeemable Preferred Stock payable on?July 1, 2013?to shareholders of record?June 14, 2013.

[box type=”tick”]About Strategic Hotels & Resorts, Inc.

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.[/box]

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