The Yield Hunter Let's make some money and sleep well at night
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Strategic Hotels and Resorts
A Hotel/Motel REIT
Period End 12/31/2007
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Copyrights 2006-2007 SGM Publishing
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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.