Strategic Hotels and Resorts 8.25% Cumulative, Redeemable Preferred Stock

S&P Rating   NR    Moodys Rating   NR

Security Ticker Symbol   BEE-B

Market Traded ON   NYSE

Dividend Payment Paid on the last day of March, June, September and December beginning on 03/31/2006

Quarterly Dividend   .516   Annual Dividend   2.063

Securities may be redeemed, at the issuers option, as early as 01/31/2011  the call price is $25 plus accrued dividends

Dividend Payment NOT will be Qualified Distributions (Preferred Stocks of REITs DO NOT pay Qualified Distributions)

Maturity Date   None

Company Investor Relations Page for Strategic Hotels and Resorts

Below you can find the offering Prospectus and/or Final Pricing Document