Strategic Hotels & Resorts Closes Sale of the Four Seasons Mexico City

CHICAGO, Oct. 29 /PRNewswire-FirstCall/ -- Strategic Hotels & Resorts, Inc.
(NYSE: BEE), today announced that the company closed on its disposition of the
Four Seasons Mexico City hotel to an affiliate of Meridia Capital for a
purchase price of $54.0 million.

About the Company
Strategic Hotels & Resorts, Inc. is a real estate investment trust (REIT)
which owns and provides value-enhancing asset management of high-end hotels
and resorts in the United States, Mexico and Europe. The company currently has
ownership interests in 18 properties with an aggregate of 8,118 rooms. For a
list of current properties and for further information, please visit the
company's website at http://www.strategichotels.com.

About Meridia Capital
Meridia Capital is a private equity group focused on investing in premium
hotel properties internationally. The firm owns and asset manages hotels in
urban markets which are operated by the world's leading international brands.
Meridia Capital Hospitality I is Meridia Capital Partners' first fund and was
closed in early 2007 with equity of euro 150 million. Meridia Capital
currently owns properties in Paris, Santiago (Chile), Sao Paulo (Brazil),
Mexico D.F. and Thailand. For further information please visit
www.meridiacapital.com.

SOURCE Strategic Hotels & Resorts, Inc.

Ryan Bowie, Vice President and Treasurer of Strategic Hotels & Resorts,
+1-312-658-5766