EX-99
3
ex99-1.htm
EX. 99.1: PRESS RELEASE
Exhibit 99.1
COMPANY CONTACT:
AT FINANCIAL RELATIONS BOARD:
James Mead
Leslie Loyet
Tim Grace
Chief Financial Officer
General Information
Media Inquiries
(312) 658-5740
(312) 640-6672
(312) 640-6667
FOR IMMEDIATE RELEASE
FRIDAY, JUNE 2, 2006
STRATEGIC HOTELS & RESORTS CLOSES ACQUISITION OF
THE WESTIN ST. FRANCIS SAN FRANCISCO HOTEL
Chicago, IL - June 2, 2006 - Strategic Hotels & Resorts, Inc. (NYSE: BEE)
today announced that the company closed on its acquisition of the Westin St. Francis San Francisco hotel from an affiliate of Blackstone Real Estate Partners for a purchase price of $440.0 million.
About the Company
Strategic Hotels & Resorts, Inc. is a real estate investment trust (REIT), which owns and asset manages high-end hotels and resorts. The company has ownership interests in 19 properties with an aggregate of 9,658 rooms. For further information, please visit the company's website at http://www.strategichotels.com.
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EX - 99 3 ex99 - 1 . htm EX . 99 . 1 : PRESS RELEASE Exhibit 99 . 1 COMPANY CONTACT : AT FINANCIAL RELATIONS BOARD : James Mead Leslie Loyet Tim Grace Chief Financial Officer General Information Media Inquiries ( 312 ) 658 - 5740 ( 312 ) 640 - 6672 ( 312 ) 640 - 6667 FOR IMMEDIATE RELEASE FRIDAY , JUNE 2 , 2006 STRATEGIC HOTELS & RESORTS CLOSES ACQUISITION OF THE WESTIN ST . FRANCIS SAN FRANCISCO HOTEL Chicago , IL - June 2 , 2006 - Strategic Hotels & Resorts , Inc . ( NYSE : BEE ) today announced that the company closed on its acquisition of the Westin St . Francis San Francisco hotel from an affiliate of Blackstone Real Estate Partners for a purchase price of $ 440.0 million . About the Company Strategic Hotels & Resorts , Inc . is a real estate investment trust ( REIT ) , which owns and asset manages high - end hotels and resorts . The company has ownership interests in 19 properties with an aggregate of 9,658 rooms . For further information , please visit the company 's website at http://www.strategichotels.com . - 30 -