Strategic Hotels & Resorts (BEE+C) 8-K First Quarter Results and Outlook

Exhibit 99.1

Ryan Bowie

Vice President and Treasurer

Company Overview

First Quarter Results and Outlook

Overview of Chicago Market

Fairmont Chicago / Aqua Master Plan

Q&A

Agenda

Value Creation Strategy

Operations

Acquisitions

Dispositions

Life Cycle

Redevelopment &

Collateral Opportunities

Driving Long-Term Earnings Growth

Paris, France

Hamburg, Germany

Prague, Czech Republic

Chicago

Mexico City

Punta Mita Resort

Phoenix

at Civic Plaza

Lincolnshire Resort

Miami

Half Moon Bay

Mexico City

Punta Mita Resort

Miami

Half Moon Bay

Mexico City

Punta Mita Resort

Chicago

Miami

Santa Monica Beach Hotel

Half Moon

Bay

La Jolla

Washington, D.C.

St. Francis

Laguna Niguel

London, England

Scottsdale

Paris, France

Portfolio Overview

Disciplined Acquisition Process

20 Hotels and Resorts

9,042 Rooms

Fairmont Chicago

Marriott London Grosvenor Square

Four Seasons Washington, D.C.

Ritz-Carlton Half Moon Bay

Hotel del Coronado

Four Seasons Punta Mita

Westin St. Francis

Paris, France

Hamburg, Germany

Prague, Czech Republic

Chicago

Mexico City

Punta Mita Resort

Phoenix

at Civic Plaza

Lincolnshire Resort

Miami

Half Moon Bay

Mexico City

Punta Mita Resort

Miami

Half Moon Bay

Mexico City

Punta Mita Resort

Chicago

Miami

Santa Monica Beach Hotel

Half Moon

Bay

La Jolla

Washington, D.C.

St. Francis

Laguna Niguel

London, England

Scottsdale

Paris, France

Portfolio Overview

Disciplined Acquisition Process

20 Hotels and Resorts

9,042 Rooms

Food and beverage systems

Labor management systems

Management contract compliance

Aggressive asset management oversight

Operations

Market research

Develop master plan

Identify discrete projects

Execute in context of cycles

Redevelopment

Master Planning Drives Reinvestment Strategy

Collateral Opportunities

Hotel del Coronado

–

Beach Club

–

Condominium hotel units

–

Retail

Four Seasons Punta Mita

–

Expansion land (La Solana, H5)

–

Fractional and whole ownership residential

–

Retail, spa and food and beverage upgrades

It’s Not Just About the Rooms!

Company Overview

First Quarter Results and Outlook

Agenda

Q1 2008 Performance

North American Portfolio –

Excluding Fairmont Chicago

Q1 2007

Q1 2008

Total RevPAR

$356.84

2.5%

$365.91

RevPAR

$191.41

3.1%

$197.38

GOP Margin

37.5%

30 bps

37.8%

FFO / Share

$0.29

6.9%

$0.31

Contingency Plans Saved 90 bps in Q1 EBITDA Margins

First Quarter Highlights and Trends

Four month RevPAR increase of 5.5%

Moderate slowing in demand

–

Diminishing lag between GDP and lodging demand

–

87% of group business on the books

–

Modest weakness in weekend transient business

-20

-15

-10

-5

0

5

10

15

RevPAR % Chg

Supply % Change

Historical RevPAR Growth

Luxury

7.4%

11.3%

0.9%

Key 2008 Strategies

Revenue management

Property level cost management

Corporate level cost management

Preserve corporate liquidity

–

Defer capital expenditures

–

Execute select asset sales

Dave Hogin

Vice President, Asset Management

Company Overview

First Quarter Results and Outlook

Overview of Chicago Market

Agenda

Chicago Lodging Market

Third largest convention city in the U.S.

McCormick Place convention facility is largest in the U.S.

–

Recently completed $850 million, 470,000 square foot expansion

–

3 million visitors annually

–

2.7 million square feet of exhibit halls

–

700,000 square feet of meeting room space

Limited Competitive Supply Growth

Trump –

286 rooms

Aqua –

213 rooms

JW

Marriott –

550 rooms

Fairmont Chicago Competitive Set

0.3%

0.2%

0.0%

0.5%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

2008

2009

2010

2011

Company Overview

First Quarter Results and Outlook

Overview of Chicago Market

Fairmont Chicago / Aqua Master Plan

Agenda

Fairmont Chicago Overview

Acquired in September 2005

$154.7 million purchase price; $224,000 per key

692 guestrooms; 62,000 square feet of meeting space

Fairmont

is

positioned

as

the

luxury

meetings

hotel

$45 million renovation to be completed in May 2008

EBITDA increase of 22% since acquisition

Prime Location

Activity continues to move south on Michigan Ave.

24.5-acre Millennium Park completed July 2004

–

Considered the largest roof garden in the world

–

Formerly a railroad yard

28-acre Lakeshore East Development

–

4,950 residences

–

2.2 million SF of commercial space

–

770,000 SF of retail space

Master Plan Overview

Position the hotel as the premier high-end group hotel in Chicago

Update into a more contemporary-luxury theme

Improve food and beverage operations

Redevelop underutilized and empty space

Increase suite / room mix

Master Plan Overview

Fairmont Gold lounge

MySpa; luxury spa and fitness center

Complete renovation of guestrooms

Reposition lobby and reception area

ENO wine tasting room within lobby

MySpa

Lobby Renovation

Aqua Building Expansion

Contracted to buy 15 floors of adjacent “Aqua”

tower

213 guestrooms, mostly suites which average 680 SF

27,500 SF of meeting space including 17,000 SF glazed ballroom

Early 2010 projected opening date

Connected to Fairmont via underground pedway

Aqua Building Rendering

Competitive Set

Rooms

Meeting

Space

Meeting

Space / Room

Hyatt Regency

2,019

228,000 SF

113 SF

Sheraton

1,209

225,000 SF

186 SF

Hilton

1,544

234,000 SF

152 SF

The Palmer House

1,640

139,900 SF

85 SF

Westin River North

407

28,000 SF

69 SF

Renaissance Marriott

553

34,870 SF

63 SF

The Drake

535

30,000 SF

56 SF

Westin Michigan Ave

752

37,000 SF

49 SF

Swissotel - Expanded

632

65,000 SF

103 SF

Average

1,032

113,530 SF

97 SF

Fairmont Chicago - Current

686

68,000 SF

99 SF

Fairmont Hotel & Aqua - Expanded

899

95,500 SF

106 SF

Combined Fairmont Operations

Connected and integrated with existing Fairmont hotel

Increased suite mix up to 25%

Increased ratio of meeting space per key up to 100 square feet

Fairmont

Aqua

Total

Standard Guestroom

536

51

587

Fairmont Gold Room

84

0

84

Suite

61

161

222

Presidential / Grand Suite

5

1

6

Total Rooms

686

213

899

Total Meeting Space

68,000

27,500

95,500

Company Overview

First Quarter Results and Outlook

Overview of Chicago Market

Fairmont Chicago / Aqua Master Plan

Q&A

Agenda