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CHICAGO, March 15 /PRNewswire-FirstCall/ -- Strategic Hotels & Resorts (NYSE: BEE) announced today that its Board of Directors has declared a quarterly dividend of $0.24 per share of common stock, which represents a 4.3 percent increase to its quarterly dividend payments. The dividend is payable on April 10, 2007 to shareholders of record as of the close of business on Tuesday, March 27, 2007.

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 20 properties with an aggregate of 10,000 rooms. For further information, please visit the company's website at http://www.strategichotels.com .

SOURCE  Strategic Hotels & Resorts
    -0-                             03/15/2007
    /CONTACT: Ryan Bowie, Vice President and Treasurer, of Strategic Hotels &
Resorts, +1-312-658-5766; Media Inquiries, Tim Grace, +1-312-640-6667, or
Analyst Inquiries, Stacy Feit, +1-312-640-6779, both of Financial Relations
Board/
    /Web site: http://www.strategichotels.com /
    (BEE)

CO:  Strategic Hotels & Resorts
ST:  Illinois
IN:  RLT LEI
SU:  DIV

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0482 03/15/2007 17:43 EDT http://www.prnewswire.com