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CHICAGO-Strategic Hotel Capital Inc. plans to sell 7.5 million shares of common stock along with another 1.5 million shares previously held by three other groups. In addition to paying down its $125-million revolving credit line, Strategic Hotel Capital may use proceeds from the sale of the nine million shares to help pay for the Four Seasons Washington, DC.

Strategic Hotel Capital has agreed to buy the 211-room five-star hotel in Georgetown, 12 blocks from the White House, for $168.9 million, or $805,000 per key. A Louis Dreyfus Property Group entity is selling the hotel, with a closing expected in February.

Deutsche Bank Securities Inc. and Wachovia Capital Markets, LLC are leading the effort to sell the shares, while Goldman Sachs & Co. is underwriter. Prudential Financial Inc. and two Whitehall Street Real Estate limited partnerships are selling their 1.5 million shares. Earlier this month, Wachovia Securities, A.G. Edwards, RBC Capital Markets and Stifel Nicolaus helped Strategic Hotel Capital sell four million shares of preferred stock, offered at an 8.25% coupon rate.