Strategic Hotels & Resorts Inc (BEE) 13.16 $BEE
Charlie Brown's Under The Radar $10 REIT Portfolio
Brad Thomas - at Seeking Alpha - Thu Feb 12, 6:00AM CST
LXP: 11.24 (-0.01), FPI: 11.35 (+0.16), DX: 8.34 (+0.01), CCG: 7.01 (-0.08), CTRE: 13.46 (+0.26), CSG: 8.40 (-0.03), IRC: 11.07 (-0.01), INN: 13.05 (+0.08), FCH: 10.55 (+0.01), CUZ: 11.26 (+0.25), LOAN: 3.63 (-0.09), VNQ: 85.06 (-0.57), AHH: 10.75 (-0.02), IRT: 9.29 (+0.02), MORE: 8.94 (-0.08), AHT: 10.63 (-0.04), EXL: 13.74 (-0.08), NYRT: 10.41 (+0.05), RAS: 7.38 (+0.06), SOHO: 7.60 (+0.15), BEE: 13.16 (-0.23), APTS: 10.36 (-0.06), GPT: 6.83 (+0.04), MNR: 11.73 (-0.16), WHLR: 3.41 (+0.01), ARCP: 9.40 (+0.06), LAND: 10.68 (+0.18), CORR: 6.81 (-0.02), UMH: 9.54 (+0.02)
Equity Coverage on REITs Sector - NorthStar Realty Finance, Strategic Hotels and Resorts, LaSalle Hotel Properties, Retail Properties of America, and Hospitality Properties Trust
PR Newswire - Mon Feb 09, 7:35AM CST
Investor-Edge has initiated coverage on the following equities: NorthStar Realty Finance Corporation (NYSE: NRF), Strategic Hotels and Resorts Inc. (NYSE: BEE), LaSalle Hotel Properties (NYSE: LHO), Retail Properties of America Inc. (NYSE: RPAI), and Hospitality Properties Trust (NYSE: HPT). Free research report on NorthStar Realty Finance can be accessed at http://get.Investor-Edge.com/pdf/?c=NorthStar...&s=NRF. On Friday, February 06, 2015, the NASDAQ Composite ended at 4,744.40, down 0.43%, the Dow Jones Industrial Average declined 0.34%, to finish the day at 17,824.29, and the S&P 500 closed at 2,055.47, down 0.34%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Financials Sector Index ended the day at 324.93, up 0.73%, with the index also advancing 1.43% in the previous three trading sessions. Register for your complimentary reports at the links given below.
BEE: 13.16 (-0.23), HPT: 32.09 (-0.32), LHO: 41.14 (-0.08), RPAI: 17.15 (-0.14), NRF: 18.65 (+0.12)
Strategic Hotels & Resorts Announces Fourth Quarter and Full-Year 2014 Earnings Release and Conference Call
PR Newswire - Mon Feb 02, 3:01PM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) will report financial results for the fourth quarter and full-year 2014 after the close of business on Monday, February 23, 2015. A quarterly conference call for investors and other interested parties is scheduled for 10:00 a.m. ET on Tuesday, February 24, 2015. Management will discuss the company's fourth quarter and full-year 2014 results. The information discussed on the call will be contained in the company's earnings release and supplemental financial package, which also will be available in the Investor Relations section of the company's website at http://www.strategichotels.com.
BEE: 13.16 (-0.23)
Strategic Hotels buys Montage Laguna Beach
Seeking Alpha - at Seeking Alpha - Thu Jan 29, 3:10PM CST
BEE: 13.16 (-0.23)
Strategic Hotels & Resorts, Inc. Acquires Montage Laguna Beach
PR Newswire - Thu Jan 29, 3:01PM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE), today announced that it has acquired the 250-room Montage Laguna Beach from an affiliate of Ohana Real Estate Investors LLC for $360.0 million, plus customary working capital adjustments. The Company funded the acquisition, in part, through the issuance of 7,347,539 shares of common stock to an affiliated designee of the seller, priced at $13.61 per share, or an implied valuation of $100.0 million. In addition, the Company assumed a $150 million mortgage loan encumbering the property, priced at a fixed interest rate of 3.90%, which matures in August 2021. The remaining portion of the purchase price was funded with existing cash balances.
BEE: 13.16 (-0.23)
Credit Suisse makes REIT coverage moves
Seeking Alpha - at Seeking Alpha - Wed Jan 21, 9:08AM CST
DDR: 19.41 (-0.28), VNO: 112.96 (-0.74), HST: 23.62 (-0.08), KIM: 26.83 (-0.25), KRC: 76.22 (-0.94), EQY: 26.97 (-0.23), BEE: 13.16 (-0.23), CPT: 75.24 (-1.03), EGP: 63.25 (-0.28), AHT: 10.63 (-0.04), MAC: 85.88 (-1.33)
Hotel REIT Strategic Hotels Gets Lift From Makeover
at Investor's Business Daily - Fri Jan 09, 5:36PM CST
Talk about star power. Strategic Hotels & Resorts owns some of the top trophy hotels and resorts in America, including the Hotel del Coronado in San Diego, Four Seasons in Washington, D.C. and JW Marriott Essex House in Manhattan, to name a few. It's...
BEE: 13.16 (-0.23), SHO: 17.49 (-0.14), PEB: 48.98 (-0.69), LHO: 41.14 (-0.08), MAR: 79.39 (+0.37)
Hotel names not joining in equity REIT rally
Seeking Alpha - at Seeking Alpha - Tue Jan 06, 1:30PM CST
INN: 13.05 (+0.08), CHSP: 36.98 (-0.12), BEE: 13.16 (-0.23), AHT: 10.63 (-0.04), LHO: 41.14 (-0.08)
Charlie Brown's List Of 10 REIT Gems Under $10
Brad Thomas - at Seeking Alpha - Mon Jan 05, 6:00AM CST
LXP: 11.24 (-0.01), FPI: 11.35 (+0.16), DX: 8.34 (+0.01), GOOG: 549.01 (+6.08), CCG: 7.01 (-0.08), CTRE: 13.46 (+0.26), CSG: 8.40 (-0.03), IRC: 11.07 (-0.01), INN: 13.05 (+0.08), FCH: 10.55 (+0.01), CUZ: 11.26 (+0.25), IRT: 9.29 (+0.02), MORE: 8.94 (-0.08), AHT: 10.63 (-0.04), EXL: 13.74 (-0.08), NYRT: 10.41 (+0.05), RAS: 7.38 (+0.06), SOHO: 7.60 (+0.15), BEE: 13.16 (-0.23), APTS: 10.36 (-0.06), GPT: 6.83 (+0.04), MNR: 11.73 (-0.16), WHLR: 3.41 (+0.01), ARCP: 9.40 (+0.06), LAND: 10.68 (+0.18), CORR: 6.81 (-0.02), UMH: 9.54 (+0.02)
Strategic Hotels & Resorts closes five-year loan of USD225m secured by JW Marriott Essex House hotel
M2 - Wed Dec 31, 8:25AM CST
Real estate investment trust Strategic Hotels & Resorts Inc (NYSE:BEE) and its joint venture (JV) partner declared together on Wednesday that the JV has closed a limited recourse loan of USD225.0m, secured by the JW Marriott Essex House hotel.
BEE: 13.16 (-0.23)
Strategic Hotels refinances hotel mortgage
Seeking Alpha - at Seeking Alpha - Tue Dec 30, 3:20PM CST
BEE: 13.16 (-0.23)
Strategic Hotels & Resorts, Inc. Announces Closing Of A Five-Year, $225 Million Loan Secured By The JW Marriott Essex House Hotel
PR Newswire - Tue Dec 30, 3:06PM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) and its joint venture partner today announced that the joint venture has closed a $225.0 million limited recourse loan secured by the JW Marriott Essex House hotel. The new financing replaces the $185.8 million financing previously encumbering the property. Under the terms of the loan agreement, the loan bears interest at a floating rate of LIBOR plus 295 basis points and has a three-year initial term with two, one-year extension options available to the venture upon satisfying certain financial and other conditions. The loan will be interest only and save the venture $4.8 million in annual principal amortization payments which were scheduled to begin in 2015 under the previous agreement. Upon closing the transaction, $25.0 million of cash held by the previous lender in a restricted cash account was released to the venture. Metropolitan Life Insurance Company originated the financing.
BEE: 13.16 (-0.23)
Hotel and Resort REITs Stocks Technical Data -- Host Hotels and Resorts, LaSalle Hotel Properties, Pebblebrook Hotel Trust, RLJ Lodging Trust, and Strategic Hotels and Resorts
PR Newswire - Mon Dec 22, 7:35AM CST
Investor-Edge has initiated coverage on the following equities: Host Hotels and Resorts Inc. (NYSE: HST), LaSalle Hotel Properties (NYSE: LHO), Pebblebrook Hotel Trust (NYSE: PEB), RLJ Lodging Trust (NYSE: RLJ), and Strategic Hotels and Resorts Inc. (NYSE: BEE). Free research on these five companies can be accessed at: http://investor-edge.com/register. On Friday, December 19, 2014, the NASDAQ Composite ended at 4,765.38, up 0.36%, the Dow Jones Industrial Average edged 0.15% higher, to finish the day at 17,804.80, and the S&P 500 closed at 2,070.65, up 0.46%. The gains were broad based as nine out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 333.32, up 0.03%, with the index also advancing 5.25% in the previous three months. Register for your complimentary reports on these five stocks at:
HST: 23.62 (-0.08), BEE: 13.16 (-0.23), PEB: 48.98 (-0.69), LHO: 41.14 (-0.08), RLJ: 33.95 (-0.17)
Strategic Hotels closes on Scottsdale purchase
Seeking Alpha - at Seeking Alpha - Tue Dec 09, 2:07PM CST
BEE: 13.16 (-0.23)
Strategic Hotels & Resorts, Inc. Closes Acquisition of the Four Seasons Resort Scottsdale at Troon North
PR Newswire - Tue Dec 09, 1:49PM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE), today announced that the Company closed on the acquisition of the Four Seasons Resort Scottsdale at Troon North for $140.0 million, which includes 13.8-acres of developable land zoned for an additional 88 hotel keys and potential incremental residential usage. The 210-guestroom, AAA Five Diamond destination resort is located on approximately 40-acres in the northern region of Scottsdale, Arizona. The hotel features 22 suites, 24,000 square feet of indoor meeting space, a 14-treatment room spa, four food and beverage outlets and contractual access to 36 holes of championship golf at the adjacent Troon North Golf Club.
BEE: 13.16 (-0.23)
Strategic Hotels & Resort declares redemption of its 8.25% series B preferred stock and Q4 dividend of USD0.51563 per share
M2 - Mon Dec 08, 4:24AM CST
Real estate investment trust Strategic Hotels & Resorts Inc (NYSE:BEE) announced on Friday that it proposes to redeem all of the outstanding 3,615,375 shares of its 8.25% series B cumulative redeemable preferred stock (NYSE:BEE-PB), on 5 January 2015 (the call date) at USD25.00 per share.
BEE: 13.16 (-0.23)
Strategic Hotels & Resorts, Inc. To Redeem All Outstanding Shares Of Its 8.25% Series B Cumulative Redeemable Preferred Stock; Declares Fourth Quarter Dividend On Preferred Stock
PR Newswire - Fri Dec 05, 3:01PM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) today announced that it intends to redeem all of the outstanding 3,615,375 shares of its 8.25% Series B Cumulative Redeemable Preferred Stock (NYSE: BEE-PB) (the "Series B Preferred Shares"
on January 5, 2015 (the "Call Date" . The Series B Preferred Shares will be redeemed at a redemption price of $25.00 per share, plus accrued and unpaid dividends from January 1, 2015 up to and including the Call Date in the amount of $0.028646 per share, for a total redemption cost of $90,487,940.43. From and after the Call Date, dividends will cease to accrue and the only remaining rights of holders of Series B Preferred Shares will be to receive payment of the redemption price, plus accrued and unpaid dividends up to and including the Call Date.
BEE: 13.16 (-0.23)
Strategic Hotels -1.8% after pricing secondary
Seeking Alpha - at Seeking Alpha - Tue Dec 02, 8:44AM CST
BEE: 13.16 (-0.23)
Strategic Hotels & Resorts, Inc. Announces Pricing Of Public Offering Of 20,000,000 Shares Of Common Stock
PR Newswire - Tue Dec 02, 8:15AM CST
Strategic Hotels & Resorts, Inc. (the "Company" (NYSE: BEE) today announced that it priced an underwritten public offering of 20,000,000 shares of its common stock (the "Offering" . The Company has granted the underwriter a 30-day option to purchase up to 3,000,000 additional shares of common stock to cover over-allotments, if any. Total estimated gross proceeds of the offering are approximately $254.0 million, or approximately $292.1 million if the underwriter's over-allotment option is exercised in full. J.P. Morgan is acting as the sole book-running manager for the Offering. The underwriter may offer the shares of common stock from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices.
JPM: 59.67 (+0.10), BEE: 13.16 (-0.23)
Strategic Hotels files for 20M share secondary
Seeking Alpha - at Seeking Alpha - Mon Dec 01, 3:15PM CST
BEE: 13.16 (-0.23)
Charlie Brown's Under The Radar $10 REIT Portfolio
Brad Thomas - at Seeking Alpha - Thu Feb 12, 6:00AM CST
LXP: 11.24 (-0.01), FPI: 11.35 (+0.16), DX: 8.34 (+0.01), CCG: 7.01 (-0.08), CTRE: 13.46 (+0.26), CSG: 8.40 (-0.03), IRC: 11.07 (-0.01), INN: 13.05 (+0.08), FCH: 10.55 (+0.01), CUZ: 11.26 (+0.25), LOAN: 3.63 (-0.09), VNQ: 85.06 (-0.57), AHH: 10.75 (-0.02), IRT: 9.29 (+0.02), MORE: 8.94 (-0.08), AHT: 10.63 (-0.04), EXL: 13.74 (-0.08), NYRT: 10.41 (+0.05), RAS: 7.38 (+0.06), SOHO: 7.60 (+0.15), BEE: 13.16 (-0.23), APTS: 10.36 (-0.06), GPT: 6.83 (+0.04), MNR: 11.73 (-0.16), WHLR: 3.41 (+0.01), ARCP: 9.40 (+0.06), LAND: 10.68 (+0.18), CORR: 6.81 (-0.02), UMH: 9.54 (+0.02)
Equity Coverage on REITs Sector - NorthStar Realty Finance, Strategic Hotels and Resorts, LaSalle Hotel Properties, Retail Properties of America, and Hospitality Properties Trust
PR Newswire - Mon Feb 09, 7:35AM CST
Investor-Edge has initiated coverage on the following equities: NorthStar Realty Finance Corporation (NYSE: NRF), Strategic Hotels and Resorts Inc. (NYSE: BEE), LaSalle Hotel Properties (NYSE: LHO), Retail Properties of America Inc. (NYSE: RPAI), and Hospitality Properties Trust (NYSE: HPT). Free research report on NorthStar Realty Finance can be accessed at http://get.Investor-Edge.com/pdf/?c=NorthStar...&s=NRF. On Friday, February 06, 2015, the NASDAQ Composite ended at 4,744.40, down 0.43%, the Dow Jones Industrial Average declined 0.34%, to finish the day at 17,824.29, and the S&P 500 closed at 2,055.47, down 0.34%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Financials Sector Index ended the day at 324.93, up 0.73%, with the index also advancing 1.43% in the previous three trading sessions. Register for your complimentary reports at the links given below.
BEE: 13.16 (-0.23), HPT: 32.09 (-0.32), LHO: 41.14 (-0.08), RPAI: 17.15 (-0.14), NRF: 18.65 (+0.12)
Strategic Hotels & Resorts Announces Fourth Quarter and Full-Year 2014 Earnings Release and Conference Call
PR Newswire - Mon Feb 02, 3:01PM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) will report financial results for the fourth quarter and full-year 2014 after the close of business on Monday, February 23, 2015. A quarterly conference call for investors and other interested parties is scheduled for 10:00 a.m. ET on Tuesday, February 24, 2015. Management will discuss the company's fourth quarter and full-year 2014 results. The information discussed on the call will be contained in the company's earnings release and supplemental financial package, which also will be available in the Investor Relations section of the company's website at http://www.strategichotels.com.
BEE: 13.16 (-0.23)
Strategic Hotels buys Montage Laguna Beach
Seeking Alpha - at Seeking Alpha - Thu Jan 29, 3:10PM CST
BEE: 13.16 (-0.23)
Strategic Hotels & Resorts, Inc. Acquires Montage Laguna Beach
PR Newswire - Thu Jan 29, 3:01PM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE), today announced that it has acquired the 250-room Montage Laguna Beach from an affiliate of Ohana Real Estate Investors LLC for $360.0 million, plus customary working capital adjustments. The Company funded the acquisition, in part, through the issuance of 7,347,539 shares of common stock to an affiliated designee of the seller, priced at $13.61 per share, or an implied valuation of $100.0 million. In addition, the Company assumed a $150 million mortgage loan encumbering the property, priced at a fixed interest rate of 3.90%, which matures in August 2021. The remaining portion of the purchase price was funded with existing cash balances.
BEE: 13.16 (-0.23)
Credit Suisse makes REIT coverage moves
Seeking Alpha - at Seeking Alpha - Wed Jan 21, 9:08AM CST
DDR: 19.41 (-0.28), VNO: 112.96 (-0.74), HST: 23.62 (-0.08), KIM: 26.83 (-0.25), KRC: 76.22 (-0.94), EQY: 26.97 (-0.23), BEE: 13.16 (-0.23), CPT: 75.24 (-1.03), EGP: 63.25 (-0.28), AHT: 10.63 (-0.04), MAC: 85.88 (-1.33)
Hotel REIT Strategic Hotels Gets Lift From Makeover
at Investor's Business Daily - Fri Jan 09, 5:36PM CST
Talk about star power. Strategic Hotels & Resorts owns some of the top trophy hotels and resorts in America, including the Hotel del Coronado in San Diego, Four Seasons in Washington, D.C. and JW Marriott Essex House in Manhattan, to name a few. It's...
BEE: 13.16 (-0.23), SHO: 17.49 (-0.14), PEB: 48.98 (-0.69), LHO: 41.14 (-0.08), MAR: 79.39 (+0.37)
Hotel names not joining in equity REIT rally
Seeking Alpha - at Seeking Alpha - Tue Jan 06, 1:30PM CST
INN: 13.05 (+0.08), CHSP: 36.98 (-0.12), BEE: 13.16 (-0.23), AHT: 10.63 (-0.04), LHO: 41.14 (-0.08)
Charlie Brown's List Of 10 REIT Gems Under $10
Brad Thomas - at Seeking Alpha - Mon Jan 05, 6:00AM CST
LXP: 11.24 (-0.01), FPI: 11.35 (+0.16), DX: 8.34 (+0.01), GOOG: 549.01 (+6.08), CCG: 7.01 (-0.08), CTRE: 13.46 (+0.26), CSG: 8.40 (-0.03), IRC: 11.07 (-0.01), INN: 13.05 (+0.08), FCH: 10.55 (+0.01), CUZ: 11.26 (+0.25), IRT: 9.29 (+0.02), MORE: 8.94 (-0.08), AHT: 10.63 (-0.04), EXL: 13.74 (-0.08), NYRT: 10.41 (+0.05), RAS: 7.38 (+0.06), SOHO: 7.60 (+0.15), BEE: 13.16 (-0.23), APTS: 10.36 (-0.06), GPT: 6.83 (+0.04), MNR: 11.73 (-0.16), WHLR: 3.41 (+0.01), ARCP: 9.40 (+0.06), LAND: 10.68 (+0.18), CORR: 6.81 (-0.02), UMH: 9.54 (+0.02)
Strategic Hotels & Resorts closes five-year loan of USD225m secured by JW Marriott Essex House hotel
M2 - Wed Dec 31, 8:25AM CST
Real estate investment trust Strategic Hotels & Resorts Inc (NYSE:BEE) and its joint venture (JV) partner declared together on Wednesday that the JV has closed a limited recourse loan of USD225.0m, secured by the JW Marriott Essex House hotel.
BEE: 13.16 (-0.23)
Strategic Hotels refinances hotel mortgage
Seeking Alpha - at Seeking Alpha - Tue Dec 30, 3:20PM CST
BEE: 13.16 (-0.23)
Strategic Hotels & Resorts, Inc. Announces Closing Of A Five-Year, $225 Million Loan Secured By The JW Marriott Essex House Hotel
PR Newswire - Tue Dec 30, 3:06PM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) and its joint venture partner today announced that the joint venture has closed a $225.0 million limited recourse loan secured by the JW Marriott Essex House hotel. The new financing replaces the $185.8 million financing previously encumbering the property. Under the terms of the loan agreement, the loan bears interest at a floating rate of LIBOR plus 295 basis points and has a three-year initial term with two, one-year extension options available to the venture upon satisfying certain financial and other conditions. The loan will be interest only and save the venture $4.8 million in annual principal amortization payments which were scheduled to begin in 2015 under the previous agreement. Upon closing the transaction, $25.0 million of cash held by the previous lender in a restricted cash account was released to the venture. Metropolitan Life Insurance Company originated the financing.
BEE: 13.16 (-0.23)
Hotel and Resort REITs Stocks Technical Data -- Host Hotels and Resorts, LaSalle Hotel Properties, Pebblebrook Hotel Trust, RLJ Lodging Trust, and Strategic Hotels and Resorts
PR Newswire - Mon Dec 22, 7:35AM CST
Investor-Edge has initiated coverage on the following equities: Host Hotels and Resorts Inc. (NYSE: HST), LaSalle Hotel Properties (NYSE: LHO), Pebblebrook Hotel Trust (NYSE: PEB), RLJ Lodging Trust (NYSE: RLJ), and Strategic Hotels and Resorts Inc. (NYSE: BEE). Free research on these five companies can be accessed at: http://investor-edge.com/register. On Friday, December 19, 2014, the NASDAQ Composite ended at 4,765.38, up 0.36%, the Dow Jones Industrial Average edged 0.15% higher, to finish the day at 17,804.80, and the S&P 500 closed at 2,070.65, up 0.46%. The gains were broad based as nine out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 333.32, up 0.03%, with the index also advancing 5.25% in the previous three months. Register for your complimentary reports on these five stocks at:
HST: 23.62 (-0.08), BEE: 13.16 (-0.23), PEB: 48.98 (-0.69), LHO: 41.14 (-0.08), RLJ: 33.95 (-0.17)
Strategic Hotels closes on Scottsdale purchase
Seeking Alpha - at Seeking Alpha - Tue Dec 09, 2:07PM CST
BEE: 13.16 (-0.23)
Strategic Hotels & Resorts, Inc. Closes Acquisition of the Four Seasons Resort Scottsdale at Troon North
PR Newswire - Tue Dec 09, 1:49PM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE), today announced that the Company closed on the acquisition of the Four Seasons Resort Scottsdale at Troon North for $140.0 million, which includes 13.8-acres of developable land zoned for an additional 88 hotel keys and potential incremental residential usage. The 210-guestroom, AAA Five Diamond destination resort is located on approximately 40-acres in the northern region of Scottsdale, Arizona. The hotel features 22 suites, 24,000 square feet of indoor meeting space, a 14-treatment room spa, four food and beverage outlets and contractual access to 36 holes of championship golf at the adjacent Troon North Golf Club.
BEE: 13.16 (-0.23)
Strategic Hotels & Resort declares redemption of its 8.25% series B preferred stock and Q4 dividend of USD0.51563 per share
M2 - Mon Dec 08, 4:24AM CST
Real estate investment trust Strategic Hotels & Resorts Inc (NYSE:BEE) announced on Friday that it proposes to redeem all of the outstanding 3,615,375 shares of its 8.25% series B cumulative redeemable preferred stock (NYSE:BEE-PB), on 5 January 2015 (the call date) at USD25.00 per share.
BEE: 13.16 (-0.23)
Strategic Hotels & Resorts, Inc. To Redeem All Outstanding Shares Of Its 8.25% Series B Cumulative Redeemable Preferred Stock; Declares Fourth Quarter Dividend On Preferred Stock
PR Newswire - Fri Dec 05, 3:01PM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) today announced that it intends to redeem all of the outstanding 3,615,375 shares of its 8.25% Series B Cumulative Redeemable Preferred Stock (NYSE: BEE-PB) (the "Series B Preferred Shares"
on January 5, 2015 (the "Call Date" . The Series B Preferred Shares will be redeemed at a redemption price of $25.00 per share, plus accrued and unpaid dividends from January 1, 2015 up to and including the Call Date in the amount of $0.028646 per share, for a total redemption cost of $90,487,940.43. From and after the Call Date, dividends will cease to accrue and the only remaining rights of holders of Series B Preferred Shares will be to receive payment of the redemption price, plus accrued and unpaid dividends up to and including the Call Date. BEE: 13.16 (-0.23)
Strategic Hotels -1.8% after pricing secondary
Seeking Alpha - at Seeking Alpha - Tue Dec 02, 8:44AM CST
BEE: 13.16 (-0.23)
Strategic Hotels & Resorts, Inc. Announces Pricing Of Public Offering Of 20,000,000 Shares Of Common Stock
PR Newswire - Tue Dec 02, 8:15AM CST
Strategic Hotels & Resorts, Inc. (the "Company"
(NYSE: BEE) today announced that it priced an underwritten public offering of 20,000,000 shares of its common stock (the "Offering" . The Company has granted the underwriter a 30-day option to purchase up to 3,000,000 additional shares of common stock to cover over-allotments, if any. Total estimated gross proceeds of the offering are approximately $254.0 million, or approximately $292.1 million if the underwriter's over-allotment option is exercised in full. J.P. Morgan is acting as the sole book-running manager for the Offering. The underwriter may offer the shares of common stock from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. JPM: 59.67 (+0.10), BEE: 13.16 (-0.23)
Strategic Hotels files for 20M share secondary
Seeking Alpha - at Seeking Alpha - Mon Dec 01, 3:15PM CST
BEE: 13.16 (-0.23)
