Rochester, NY 8/31/2009 9:55:10 AM
Strategic Hotels & Resorts, Inc. BEE, End Session Trading dropped at 70%
Strategic Hotels & Resorts, Inc. BEE
Strategic Hotels & Resorts, closed market at 1.42. The company stocks ranges from low $1.39 to high $1.48. Strategic Hotels & Resorts, shares hitting average volume of $1,710,630 million.
Strategic Hotel Capital, Inc., a self-administered and self-managed real estate investment trust , engages in the ownership and asset management of upper upscale and luxury hotels in North America and Europe.
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Last Trade: 1.42
Day's Range: 1.39 - 1.48
52wk Range: 0.61 - 11.01
Change: Down 0.01 (0.70%)
Volume: 1,010,518
Avg Vol (3m): 1,710,630
ABOUT Strategic Hotels & Resorts, Inc.
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.
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