Strategic Hotel Capital Formally Changing Name

. October 14, 2008

CHICAGO, IL, March 15, 2006. Strategic Hotel Capital, Inc. will formally change its name to Strategic Hotels & Resorts, Inc.

Simultaneously, the company will change its New York Stock Exchange trading symbols to BEE for its common stock and BEE PrB for its Series B Cumulative Redeemable Preferred Stock. These changes will be effective as of the start of trading today.

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