SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Stedman Trent (Last) (First) (Middle) 799 CENTRAL AVENUE, SUITE 350 (Street) HIGHLAND PARK IL 60035 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol STRATEGIC HOTELS & RESORTS, INC [ BEE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 04/09/2010
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Series A Preferred Stock, $0.01 par value per share	04/09/2010		J(1)		351,200	D	$0.00	0	I	See Footnote(2)
Series A Preferred Stock, $0.01 par value per share	04/09/2010		S		27,000	D	$19.1428	244,700	I	See Footnote(3)
Series A Preferred Stock, $0.01 par value per share	04/09/2010		J(1)		54,891	A	$0.00	54,891	D
Series A Preferred Stock, $0.01 par value per share	04/09/2010		S		12,000	D	$19.1428	42,891	D
Series B Preferred Stock, $0.01 par value per share	04/09/2010		J(4)		97,500	D	$0.00	0.00	I	See Footnote(2)
Series B Preferred Stock, $0.01 par value per share	04/09/2010		S		7,000	D	$19.1	398,900	I	See Footnote(3)
Series B Preferred Stock, $0.01 par value per share	04/09/2010		J(4)		15,238	A	$0.00	15,238	D
Series B Preferred Stock, $0.01 par value per share	04/09/2010		S		3,000	D	$19.1	12,238	D
Series C Preferred Stock, $0.01 par value per share	04/09/2010		J(5)		73,100	D	$0.00	0.00	I	See Footnote(2)
Series C Preferred Stock, $0.01 par value per share	04/09/2010		J(5)		11,425	A	$0.00	11,425	D
Series C Preferred Stock, $0.01 par value per share								375,800	I	See Footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Stedman Trent (Last) (First) (Middle) 799 CENTRAL AVENUE, SUITE 350 (Street) HIGHLAND PARK IL 60035 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Millennium Group LLC (Last) (First) (Middle) 799 CENTRAL AVE SUITE 350 (Street) HIGHLAND PARK IL 60035 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* NV North American Opportunity Fund (Last) (First) (Middle) 799 CENTRAL AVE, SUITE 350 (Street) HIGHLAND IL 60035 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* HPP GP LLC (Last) (First) (Middle) 799 CENTRAL AVE, SUITE 350 (Street) HIGHLAND IL 60035 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Highland Park Partners Fund LP (Last) (First) (Middle) 799 CENTRAL AVE, SUITE 350 (Street) HIGHLAND IL 60035 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. On April 9, 2010, Highland Park Partners Fund LP distributed all of the 351,200 of the Issuer's Series A Preferred Stock that it directly beneficially owned, pro rata, to its partners, including Trent Stedman.

2. By Highland Park Partners Fund LP

3. By NV North American Opportunity Fund.

4. On April 9, 2010, Highland Park Partners Fund LP distributed all of the 97,500 of the Issuer's Series B Preferred Stock that it directly beneficially owned, pro rata, to its partners, including Mr. Stedman.

5. On April 9, 2010, Highland Park Partners Fund LP distributed all of the 73,100 shares of the Issuer's Series C Preferred Stock that it directly beneficially owned, pro rata, to its partners, including Mr. Stedman.

Remarks:

Following the transactions reported on this Form 4: (i) NV North American Opportunity Fund directly beneficially owns 244,700 shares of Series A Preferred Stock, 398,900 shares of Series B Preferred Stock and 375,800 shares of Series C Preferred Stock, (ii)Trent Stedman directly beneficially owns 42,891 shares of Series A Preferred Stock, 12,238 shares of Series B Preferred Stock and 11,425 shares of Series C Preferred Stock, and (iii) Highland Park Partners Fund LP does not directly beneficially own any shares of Series A Preferred Stock, Series B Preferred Stock or Series C Preferred Stock. Millennium Group LLC is the investment manager of NV North American Opportunity Fund. HPP GP LLC is the general partner of Highland Park Partners Fund LP. Trent Stedman is a member of Millennium Group LLC and is also the sole member of HPP GP LLC. By virtue of his relationship to NV North American Opportunity Fund, Millennium Group LLC, Highland Park Partners Fund LP and HPP GP LLC, Mr. Stedman may be deemed to indirectly beneficially own certain of the shares of Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock subject to this filing other than the shares he directly beneficially owns. Millennium Group LLC may be deemed to indirectly beneficially own certain of the shares of Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock directly beneficially owned by NV North American Opportunity Fund. HPP GP LLC may have been deemed to indirectly beneficially own certain of the shares of Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock that were directly beneficially owned by Highland Park Partners Fund LP. Each of NV North American Opportunity Fund, Highland Park Partners Fund LP, Millennium Group LLC, HPP GP LLC and Mr. Stedman disclaims beneficial ownership of all shares reported on this Form 4, except to the extent of any pecuniary interest therein.

	/s/ Trent Stedman	04/13/2010
	/s/ Millennium Group, LLC, by Trent Stedman, Member	04/13/2010
	/s/ NV North American Opportunity fund, by Millennium Group, LLC, the investment manager, by Trent Stedman, sole member	04/13/2010
	/s/ HPP GP, LLC, by Trent Stedman, sole member	04/13/2010
	/s/ Highland Park Partners Fund LP, by HPP GP LLC, the general partner, by Trent Stedman, sole member	04/13/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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