STRATEGIC HOTELS & RESORTS REPORTS FIRST QUARTER 2009 RESULTS

Supplemental information
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CHICAGO – May 6, 2009 – Strategic Hotels & Resorts (NYSE: BEE) today reported results for the first
quarter ended March 31, 2009.
First Quarter Recap
􀂃 Comparable funds from operations (Comparable FFO) was a loss of $0.15 per diluted share compared
with income of $0.30 per diluted share in the prior year.
􀂃 Quarterly Comparable EBITDA was $22.8 million compared with $55.7 million in the prior year.
􀂃 North American total revenue per available room (Total RevPAR) decreased 22.8 percent and
revenue per available room (RevPAR) decreased 24.1 percent driven by a 10.1 percentage point
decrease in occupancy and an 11.1 percent decrease in average daily rate (ADR). Non-rooms revenue
declined by 22.0 percent.
􀂃 European Total RevPAR decreased 26.1 percent (12.3 percent in constant dollars) and RevPAR
decreased 29.3 percent (14.4 percent in constant dollars).
􀂃 North American gross operating profit (GOP) and EBITDA margins contracted 560 basis points and
630 basis points, respectively. North American EBITDA per room declined 43.7 percent.