Strategic Hotels & Resorts Reports Third Quarter 2010 Results: Loss Per Share of $0.26

Strategic Hotels & Resorts BEE today reported results for the third quarter ended September 30, 2010. RevPAR growth was a strong 7.3 percent during the quarter and was largely driven by a 5.4 percent increase in average daily rate. EBITDA margins expanded 240 basis points, excluding the impact of cancellation fees and property-level bonuses. Net loss attributable to common shareholders was $39.4 million, or $0.26 per diluted share, compared with net loss attributable to common shareholders of $73.5 million, or $0.97 per diluted share, for the third quarter of 2009.