Strategic Hotel Increases Stock Offering

Strategic Hotel Capital Inc., a Chicago-based a real estate investment trust, has announced the pricing of a public offering of common stock that was recently increased from 9.0 million to approximately 18.03 million shares.The offering, priced at $20 per share, consisted of 7.50 million primary shares offered by the company and approximately 10.53 million secondary shares sold by stockholders associated with Prudential Financial Inc. and Whitehall Street Real Estate Limited Partnerships VII and IX. The offering will be made through a syndicate led by Deutsche Bank Securities Inc. and Wachovia Capital Markets LLC, with Goldman, Sachs & Co. as underwriter, the company said. Strategic Hotel, which also operates as Strategic Hotels & Resorts, can be found online at http://www.strategichotels.com.