-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LRGShl0/62qB9FLDVTQvH0W+gxGJC0HCWsauTGsAG5Gysk3932ffFi3xdD2X6oKn
 WfeE8T/bjrIZL/OCRloMrA==

<SEC-DOCUMENT>0000891836-04-000345.txt : 20041001
<SEC-HEADER>0000891836-04-000345.hdr.sgml : 20041001
<ACCEPTANCE-DATETIME>20041001125115
ACCESSION NUMBER:		0000891836-04-000345
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040929
FILED AS OF DATE:		20041001
DATE AS OF CHANGE:		20041001

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STRATEGIC HOTEL CAPITAL LLC
		CENTRAL INDEX KEY:			0001096535

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32223
		FILM NUMBER:		041057470

	BUSINESS ADDRESS:	
		STREET 1:		77 WEST WACKER DRIVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60601

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STRATEGIC HOTEL CAPITAL INC
		CENTRAL INDEX KEY:			0001057436
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				331082757
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		77 W WACKER DR STE 4600
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60601
		BUSINESS PHONE:		3126585000

	MAIL ADDRESS:	
		STREET 1:		77 WEST WACKER DRIVE
		STREET 2:		STE 4600
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60601
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>sc0154-04_ex.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-09-29</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001057436</issuerCik>
        <issuerName>STRATEGIC HOTEL CAPITAL INC</issuerName>
        <issuerTradingSymbol>SLH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001096535</rptOwnerCik>
            <rptOwnerName>STRATEGIC HOTEL CAPITAL LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>77 WEST WACKER DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60601</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Operating Partnership Units (Right to Acquire)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-09-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F4"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2141729</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2141729</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5106551</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Strategic Hotel Capital Limited Partnership</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Holders of units are entitled to present them for redemption for a cash amount equal to the then-fair market value of an
equal number of shares of common stock of Strategic Hotel Capital, Inc. (&quot;SHC&quot;) or, in SHC's sole discretion, an equal
number of shares of SHC common stock.</footnote>
        <footnote id="F2">Units are immediately eligible to be presented for redemption or become eligible as of June 29, 2005.</footnote>
        <footnote id="F3">There is no expiration date.</footnote>
        <footnote id="F4">Pro rata distribution to members for no consideration.</footnote>
        <footnote id="F5">The units are held indirectly through an affiliate, Strategic Hotel Capital Limited Partnership, of which the reporting
person is the general partner. The reporting person disclaims beneficial ownership except to the extent of its pecuniary
interest and this report shall not be deemed an admission that the reporting person is the beneficial owner of such
securities for purposes of Section 16 or for any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Jonathan Langer, Vice President</signatureName>
        <signatureDate>2004-10-01</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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