BNET Industries

Strategic Hotels & Resorts Inc.

Market Cap:$129.3M
Last Fiscal Year Sales:$974.9M
  • Public
  • US
Dow Jones Description

SHR was incorporated in Maryland in January 2004 to acquire and asset-manage upper upscale and luxury hotels (as defined by Smith Travel Research). Our accounting predecessor, Strategic Hotel Capital, L.L.C. (SHC LLC) was founded in 1997 by Laurence Geller, our President and Chief Executive Officer, Goldman, Sachs & Co.s Whitehall Fund and others. We made an election to be taxed as a REIT under the Code. On June 29, 2004, we completed our initial public offering (IPO) of our common stock. Prior to the IPO, 21 hotel interests were owned by SHC LLC. Concurrent with and as part of the transactions relating to the IPO, a reverse spin-off distribution to shareholders separated SHC LLC into two companies, a new, privately-held SHC LLC, with interests, at that time, in seven hotels and SHR, a public entity with interests, at that time, in 14 hotels. See Item 1. Financial StatementsNote 1 General for the hotel interests owned by us as of March 31, 2009. We operate as a self-administered and self-managed REIT, which means that we are managed by our board of directors and executive officers. A REIT is a legal entity that holds real estate interests and, through payments of dividends to stockholders, is permitted to reduce or avoid federal income taxes at the corporate level. For us to continue to qualify as a REIT, we cannot operate hotels; instead we employ internationally known hotel management companies to operate our hotels for us under management contracts. ...

Number of Employees 48
Contact Information

200 W Madison St Ste 1700

Chicago, Illinois 60606

strategichotels...

(312) 658-5000

NAICS Code : 525930

Recent Events

  • Strategic Hotels & Resorts Announces Third Quarter 2009 Earnings Release and Conference Call

    10/12/09 - Financial Announcement - View Story

  • Strategic Hotels adds 2 independent members to board

    8/29/09 - Board Member - Entering - View Story

  • Strategic Hotels & Resorts Appoints Raymond L. Gellein, Jr. and Eugene F. Reilly as New...

    8/27/09 - Mgmt. Change Entering - Other - View Story

  • Strategics Reports 2nd Qtr Net Loss

    8/07/09 - Financial Announcement - View Story

News & Analysis

strategic hotels & resorts inc. - All News and Analysis

advertisement
     BEE $1.72 -0.02 (-1.15% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 3,183,040
Shares Outstanding 75.18M
Market Cap 129.3M
Year High 3.07
Year Low 0.61
Earnings Per Share -6.46
P/E Ratio -0.27
Dividend 0.96
Yield 55.81
IndustryTop Rated
advertisement