Strategic Hotels & Resorts, Inc. (SHR) is a self-administered and self-managed real estate investment trust (REIT). As of December 9, 2014, the Company�s portfolio included 17 full-service hotels with an aggregate of 8,075 rooms and 860,000 square feet of multi-purpose meeting and banqueting space. SHR conducts its operations through its direct and indirect subsidiaries, including its operating partnership, Strategic Hotel Funding, L.L.C. (SH Funding), which holds all of the Company�s assets. SHR is the sole managing member of SH Funding and held approximately 99% of its membership units as of February 27, 2013. SHR manages all business aspects of SH Funding, including the sale and purchase of hotels, the investment in these hotels and the financing of SH Funding and its assets. It also has interest in Four Seasons Resort Scottsdale, which is a 210-guestroom located on approximately 40-acres in the northern region of Scottsdale, Arizona.