Strategic Hotels & Resorts files automatic shelf

By Angela McDaniels

Seattle, April 18 - Strategic Hotels & Resorts Inc. filed an automatic shelf registration in an S-3ASR with the Securities and Exchange Commission.

Covered by the shelf are common stock, preferred stock, debt securities and warrants, as well as preferred securities to be issued by BEE Financing Trust I, BEE Financing Trust II or BEE Financing Trust III and guaranteed by Strategic. Debt securities, preferred stock and preferred securities may be structured as convertibles.

Proceeds will be used to acquire and develop hotel properties, to invest in future co-investment ventures, to make improvements to hotel properties, to repay outstanding debt and for general corporate purposes.

Strategic, formerly known as Strategic Hotel Capital Inc., is a Chicago-based real estate investment trust.

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