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30 October 2009

Strategic Hotels & Resorts Closes Sale of the Four Seasons Mexico City

Strategic Hotels & Resorts Closes Sale of the Four Seasons Mexico City

Strategic Hotels & Resorts, Inc. (NYSE:BEE) , today announced that the company closed on its disposition of the Four Seasons Mexico City hotel to an affiliate of Meridia Capital for a purchase price of $54.0 million.

About the Company | 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 8,118 rooms. For a list of current properties and for further information, please visit the company's website at www.strategichotels.com/.

About Meridia Capital | Meridia Capital is a private equity group focused on investing in premium hotel properties internationally. The firm owns and asset manages hotels in urban markets which are operated by the world's leading international brands. Meridia Capital Hospitality I is Meridia Capital Partners' first fund and was closed in early 2007 with equity of euro 150 million. Meridia Capital currently owns properties in Paris, Santiago (Chile), Sao Paulo (Brazil), Mexico D.F. and Thailand. For further information please visit www.meridiacapital.com.

TAGS
mexico city hotel, sao paulo brazil, estate investment trust, paris santiago, private equity group, real estate investment trust, real estate investment trust reit, real estate investment, santiago chile, premium hotel, further information please visit, current prop

CONTACT
Ryan Bowie
Vice President and Treasurer
Phone: +1-312-658-5766

ORGANIZATION
Hospitality NetStrategic 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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