<HTML>
<HEAD>
<TITLE>Filed by Bowne Pure Compliance</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">
<DIV style="font-size: 10pt">
<DIV
style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
<DIV
style="font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>

<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): October 10, 2008</B>


<P style="font-size: 24pt" align="center"><B>Strategic Hotels &amp; Resorts,
Inc.<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Maryland</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>001-32223</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>33-1082757</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>200 West Madison Street,
Suite 1700, Chicago, Illinois<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>60606</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(312) 658-5000</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>Not
Applicable<BR>
</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


<DIV
style="margin-top: 10pt; font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>
<DIV
style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="justify"><B>Item&nbsp;1.02 Termination of a
Material Definitive Agreement.</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify">On October&nbsp;2,
2008, Strategic Hotel Funding, L.L.C., the operating company of Strategic
Hotels &amp; Resorts, Inc. (the &#8220;Company&#8221;) provided notice to
Lakeshore East, LLC and Aqua at Lakeshore East LLC, affiliates of Magellan
Development Group LLC (the &#8220;Seller&#8221;) that it did not intend to
proceed with the closing on the acquisition from Seller of an interest in a
to-be-built mixed use building consisting of approximately 15 floors intended
to primarily house 210 hotel suites, meeting and pre-function space, hotel
lobby and related areas and associated improvements (the &#8220;Proposed
Acquisition&#8221;) pursuant to that certain Agreement of Purchase and Sale,
dated as of September&nbsp;26, 2006, as amended (the &#8220;Agreement&#8221;),
among the Company&#8217;s operating company and the Seller. The Seller and the
Company&#8217;s operating company entered into a Termination of Agreement of
Purchase and Sale on October&nbsp;10, 2008, thereby formally terminating the
Agreement. The Company forfeited $28&nbsp;million deposited in the form of a
letter of credit to secure the Company&#8217;s performance under the Agreement.
Related to this transaction, the Company plans take a one time charge of
$35&nbsp;million in its third quarter 2008 financial results, which includes
the loss of $28&nbsp;million deposited and approximately $7&nbsp;million in
planning and development costs.

<P style="font-size: 10pt; text-indent: 4%" align="justify">A copy of the press
release relating to the termination of the Agreement is attached to this
Current Report on Form 8-K as Exhibit&nbsp;99.1 and is incorporated herein by
reference.

<P style="font-size: 10pt" align="justify"><B>Item&nbsp;9.01 Financial
Statements and Exhibits.</B>

<P style="font-size: 10pt" align="justify">(d)&nbsp;Exhibits.
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">Exhibit&nbsp;Number </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Description</TD>
 </TR>
 <TR style="font-size: 1px">
  <TD style="border-top: #000000 1px solid" valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD style="border-top: #000000 1px solid" valign="top"
align="left">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px"><BR>99.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><BR>Press Release, dated as of October&nbsp;3,
2008.</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify">Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="41%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="3%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="2%">&nbsp;</TD>
  <TD width="3%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" colspan="5">STRATEGIC HOTELS &amp; RESORTS,
INC.</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top"><BR>October&nbsp;16, 2008</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><BR>By:</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" colspan="3"><BR>/s/ Paula C. Maggio</TD>
 </TR>
 <TR style="font-size: 1px">
  <TD valign="top">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD style="border-top: #000000 1px solid" valign="top" align="left"
colspan="3">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Name: </TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Paula C. Maggio</TD>
 </TR>

 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Title:</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Senior Vice President, Secretary and<br>
General Counsel</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">Exhibit&nbsp;Number </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Description</TD>
 </TR>
 <TR style="font-size: 1px">
  <TD style="border-top: #000000 1px solid" valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD style="border-top: #000000 1px solid" valign="top"
align="left">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px"><BR>99.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><BR>Press Release, dated as of October&nbsp;3,
2008.</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">4
</DIV>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "c76063e8vk.htm", "description": "FORM 8-K", "secsgml_size_bytes": 11239}]
{"company-data": {"conformed-name": "STRATEGIC HOTELS & RESORTS, INC", "cik": "0001057436", "assigned-sic": "6798", "irs-number": "331082757", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32223", "film-number": "081126592"}, "business-address": {"street1": "200 WEST MADISON STREET", "street2": "SUITE 1700", "city": "CHICAGO", "state": "IL", "zip": "60606-3415", "phone": "3126585000"}, "mail-address": {"street1": "200 WEST MADISON STREET", "street2": "SUITE 1700", "city": "CHICAGO", "state": "IL", "zip": "60606-3415"}, "former-company": {"former-conformed-name": "STRATEGIC HOTEL CAPITAL INC", "date-changed": "19980310"}}
Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): October 10, 2008
Strategic Hotels & Resorts,
Inc.
(Exact name of registrant as
specified in its charter)
Maryland
001-32223
33-1082757
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
200 West Madison Street,
Suite 1700, Chicago, Illinois
60606
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(312) 658-5000
Not
Applicable
(Former name or former address if changed since last report.)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.02 Termination of a
Material Definitive Agreement.
On October 2,
2008, Strategic Hotel Funding, L.L.C., the operating company of Strategic
Hotels & Resorts, Inc. (the "Company") provided notice to
Lakeshore East, LLC and Aqua at Lakeshore East LLC, affiliates of Magellan
Development Group LLC (the "Seller") that it did not intend to
proceed with the closing on the acquisition from Seller of an interest in a
to-be-built mixed use building consisting of approximately 15 floors intended
to primarily house 210 hotel suites, meeting and pre-function space, hotel
lobby and related areas and associated improvements (the "Proposed
Acquisition") pursuant to that certain Agreement of Purchase and Sale,
dated as of September 26, 2006, as amended (the "Agreement"),
among the Company's operating company and the Seller. The Seller and the
Company's operating company entered into a Termination of Agreement of
Purchase and Sale on October 10, 2008, thereby formally terminating the
Agreement. The Company forfeited $28 million deposited in the form of a
letter of credit to secure the Company's performance under the Agreement.
Related to this transaction, the Company plans take a one time charge of
$35 million in its third quarter 2008 financial results, which includes
the loss of $28 million deposited and approximately $7 million in
planning and development costs.
A copy of the press
release relating to the termination of the Agreement is attached to this
Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by
reference.
Item 9.01 Financial
Statements and Exhibits.
(d) Exhibits.
Exhibit Number
Description
99.1
Press Release, dated as of October 3,
2008.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
STRATEGIC HOTELS & RESORTS,
INC.
October 16, 2008
By:
/s/ Paula C. Maggio
Name:
Paula C. Maggio
Title:
Senior Vice President, Secretary and
General Counsel
EXHIBIT INDEX
Exhibit Number
Description
99.1
Press Release, dated as of October 3,
2008.