Strategic Hotels shareholder Security Capital sells remaining shares

By Lisa Kerner

Charlotte, N.C., July 9 - A group of Strategic Hotels & Resorts, Inc. investors led by Security Capital Research & Management Inc. sold their remaining 4,775,400 shares of the company's stock between June 30 and July 8 priced at a weighted average of $0.96 to $1.15 per share.

The transactions were reported in a schedule 13D/A filed on Thursday with the Securities and Exchange Commission.

On June 22 and June 23, Security Capital sold 981,800 shares, a prior SEC filing said.

Security Capital and its affiliates no longer have a beneficial interest in the Chicago-based real estate investment trust.

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