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 4 April 2005
Strategic Hotel Capital Closes Investment in Two Intercontinental Hotel Group Properties

CHICAGO, Strategic Hotel Capital, Inc. (NYSE:SLH) announced today that it has successfully completed its investment in an 85% controlling interest in the InterContinental hotels in Chicago and Miami with an agreed-upon aggregate value totaling $303.5 million. The remaining 15% interest is held by InterContinental Hotels. The partnerships were financed with a $202 million mortgage loan, and SLH's equity investment was funded through proceeds from a previously closed preferred equity offering.
About the Company | Strategic Hotel Capital, Inc., is a real estate investment trust (REIT) which owns and asset manages high-end hotels and resorts. The company has ownership interests in 17 properties with an aggregate 7,640 rooms. For further information, please visit the company's website at www.shci.com/.
Strategic Hotels & Resorts, Inc. www.strategichotels.com 77 West Wacker Drive, Suite 4600
USA
- Chicago, IL 60601 Phone: (312) 658-5000 Email: info@strategichotels.com
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