Strategic Hotels & Resorts, Inc. (NYSE:BEE) is looking for acquisition opportunities. Chairman and Chief Executive Officer, Rip Gellein said, “we continue to review acquisition opportunities that meet our strict quantitative and underwriting thresholds as the only luxury pure-play in our sector”.

Strategic Hotels & Resorts, Inc. reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company has posted net loss attributable to common shareholders was $23.4 million or $0.12 diluted per share against $31.5 million or $0.17 diluted per share a year ago. FFO was $2.3 million against $3.1 million a year ago. Comparable FFO per diluted share was $0.01 against $0.02 million a year ago. Comparable EBITDA was $34.5 million against $33.3 million a year ago. For the full-year definite group revenue was up 7.7% driven by a 4.3% increase in room nights and a 3.3% increase - 3% increase in average rate. For the year ending December 31, 2013, the company anticipated that Comparable EBITDA will be in the range of $195.0 million to $210.0 million and Comparable FFO in the range of $0.33 and $0.40 per fully diluted share. Management is also reaffirming its guidance for North American same store RevPAR growth in the range between 5.0% to 7.0% and Total RevPAR growth in the range between 4.0% and 6.0%. Net loss attributable to common shareholders to be in between $49.8 million to $34.8 million.

Strategic Hotels & Resorts, Inc. announced that they will report Q1, 2013 results on Apr 29, 2013