Strategic Hotel Capital, Inc., a self-administered and self-managed real estate investment trust (REIT), engages in the ownership and asset management of upper upscale and luxury hotels in North America and Europe. It owns the fee interest in 11 hotels, comprising approximately 4,961 rooms, located in Arizona, California, Florida, Illinois, and Louisiana, and in Mexico; owns leasehold interests in hotels in Illinois, France, and Germany comprising an aggregate of approximately 859 rooms; owns a 35% interest in a hotel in Prague, Czech Republic comprising approximately 372 rooms; owns an 85% interest in each of the InterContinental Hotel in Miami and the InterContinental Hotel in Chicago; and a 31% interest in and act as asset manager for a joint venture that is developing the Four Seasons Residence Club Punta Mita, a luxury vacation home product. The company also manages seven hotels. The company operates hotels under the brands of Embassy Suites, Four Seasons, Hilton, Hyatt, InterContinental, Loews, Marriott, and Ritz-Carlton. The company qualifies as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to the federal income tax if it distributes 100% of its annual taxable income to its shareholders. Strategic Hotel was co-founded by Laurence Geller in 1997 and is headquartered in Chicago, Illinois.
Strategic Hotels & Resorts Announces Third Quarter 2009 Earnings Release and Conference Call
CHICAGO, Oct. 12 /PRNewswire-FirstCall/ -- Strategic Hotels & Resorts, Inc. (NYSE: BEE - News), will report financial results for the third quarter 2009 after the close of business on November 4, 2009. A quarterly conference call for investors and other interested parties is scheduled for 10:00 a.m. ET on Thursday, November 5, 2009. Management will discuss the company's third quarter 2009 results as well as its business outlook for the remainder of the year. The information discussed on the call will be contained in the company's earnings release and supplemental financial package, which also will be available in the Investor Relations section of the company's website at http://www.strategichotels.com.The conference call will be accessible by telephone and through the Internet. Interested individuals are invited to access the call by dialing 888-713-4205 (toll international: 617-213-4862) with pass code 30443392. To participate on the webcast, log on to the company's website at Strategic Hotels & Resorts or https://www.theconferencingservice.c...?key=PQUGYJWCM 15 minutes before the call to download the necessary software.
Pre-registration is available at any time prior to and during the call, which provides immediate entry into the call. To pre-register, please go to https://www.theconferencingservice.c...?key=PQUGYJWCM. Participants may also register with an operator on the day of the event.
For those unable to listen to the call live, a taped rebroadcast will be available beginning at 1:00 p.m. ET on November 5, 2009 through 11:59 p.m. ET on November 12, 2009. To access the replay, dial 888-286-8010 (toll international: 617-801-6888) with pass code 86018676. A replay of the call will also be available on the Internet at Strategic Hotels & Resorts or http://www.earnings.com for 30 days after the call.
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