Strategic Hotels & Resorts, Inc. (NYSE:BEE) announced today that the Company has been added to Standard & Poor's REIT Composite Index. The Company was added to the index after the close of trading on January 25, 2007.
According to Standard & Poor's, the S&P REIT Composite Index measures the securitized U.S. real estate investment trust (REIT) market and specifically tracks the market performance of 100 REITs chosen for their liquidity and importance in representing a diversified real estate portfolio. The index was introduced in 1997.
Strategic Hotels & Resorts, Inc. is a real estate investment trust (REIT) which owns and asset manages high-end hotels and resorts. The company has ownership interests in 20 properties with an aggregate of 10,000 rooms.
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