Strategic to Evaluate Board Composition
DECEMBER 16, 2008. Strategic Hotels & Resorts, Inc. (NYSE:BEE) , today announced that it plans to appoint up to three new independent directors to sit on the company's board.
The company will conduct the process to identify potential candidates in consultation with a number of its significant stockholders.
"It is wise to re-evaluate the composition of the board of directors, especially during these challenging times. Our goal is to have a Board of Directors that possesses a wide range of experience, skills, and opinions. We are pleased to be considering new board members with backgrounds and abilities that will complement and strengthen our board," stated William Prezant, Chairman of the Board of Directors of the company.
Strategic Hotels & Resorts, Inc. owns and provides value-enhancing asset management of high-end hotels and resorts in the United States, Mexico and Europe. The company currently has ownership interests in 19 properties with an aggregate of 8,346 rooms.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
