Strategic Hotels & Resorts, Inc. operates in the Real estate investment trusts sector. Strategic Hotels & Resorts, Inc. (SHR) was formed to acquire and asset-manage luxury hotels that are subject to long-term management contracts. The Company operates as a self-administered and self-managed real estate investment trust (REIT). As of February 23, 2011, it wholly owned or leased 13 hotels, had a 51% interest in each of the affiliates that own two hotels where it asset manages such hotels, and had a 34.3% interest in, and acted as asset manager for, a joint venture that owned one hotel; owned land held for development, including 20.5 acres of oceanfront land adjacent to its Four Seasons Punta Mita Resort, Nayarit, Mexico and 60 acres of oceanfront land near the Four Seasons Punta Mita Resort; a 20,000 square-foot land on the ocean in Santa Monica, entitled for development and residential units; 10 acres of land adjacent to its Fairmont Scottsdale hotel, and a 31% interest in a joint venture with two unaffiliated parties. In
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