Strategic Hotels investor Security Capital Research sells more shares

By Lisa Kerner

Charlotte, N.C., June 22 - A group of Strategic Hotels & Resorts, Inc. investors led by Security Capital Research & Management Inc. sold 2,872,000 shares of the company's stock between June 17 and June 19 priced at an average of $1.13 to $1.165 per share, according to a schedule 13D/A filed on Monday with the Securities and Exchange Commission.

Between May 29 and June 16, the investors sold 1,667,678 shares and for an 11.5% stake, a prior SEC filing said.

Security Capital and its affiliates beneficially own 5,757,200 shares, or 7.75%, of the Chicago-based real estate investment trust.

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