Strategic Hotels & Resorts Inc (BEE) 14.22 $BEE
China's Anbang trumps Marriott with $15B bid for Starwood
AP - Mon Mar 28, 3:44PM CDT
NEW YORK (AP) — The fight for Starwood Hotels swung back in favor of China's Anbang after the insurance company offered $15 billion in a counterpunch to Marriott International.
BEE: 14.22 (-0.02), MAR: 70.59 (-0.60), HOT: 77.20 (-0.51)
Starwood battle to have little impact on price of rooms
AP - Mon Mar 21, 2:47PM CDT
NEW YORK (AP) — The bidding war over the Starwood hotel chain is being closely watched by investors and frequent business travelers. For the leisure crowd, however, who owns their hotel makes very little difference.
BEE: 14.22 (-0.02), MAR: 70.59 (-0.60)
Starwood takes improved bid from Anbang
AP - Fri Mar 18, 10:24AM CDT
NEW YORK (AP) — Starwood called off a $12.2 billion buyout agreement with Marriott in favor of an offer from a group of investors led by the Chinese insurance company Anbang.
GE: 31.05 (-0.10), BEE: 14.22 (-0.02), H: 50.27 (-0.66), MAR: 70.59 (-0.60), HOT: 77.20 (-0.51)
Emerging player from China could disrupt Marriott plans
AP - Mon Mar 14, 4:22PM CDT
NEW YORK (AP) — A fight for control of the Starwood hotel chain is under way following a $14 billion buyout offer Monday from a consortium led by China's Anbang Insurance Group.
BEE: 14.22 (-0.02), EXPE: 113.55 (-3.82), MAR: 70.59 (-0.60), HOT: 77.20 (-0.51)
Blackstone selling Strategic Hotels to Anbang for $6.5B
By ALEX VEIGA - AP - Sat Mar 12, 4:40PM CST
LOS ANGELES (AP) — Blackstone Group has agreed to sell Strategic Hotels & Resorts Inc. to a Chinese firm for $6.5 billion, according to a person familiar with the deal.
BEE: 14.22 (-0.02)
Blackstone completes acquisition of Strategic Hotels & Resorts
M2 - Wed Dec 16, 5:48AM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) said its acquisition by affiliates of Blackstone Real Estate Partners VIII L.P. has been completed in a transaction valued at approximately USD6.0 billion. Pursuant to the transaction, holders of shares of common stock of Strategic Hotels & Resorts, Inc. will be entitled to receive USD14.25 in cash, without interest, for each share of the common stock they own, and holders of membership units of the company's subsidiary, Strategic Hotel Funding, L.L.C., will be entitled to receive USD14.25 in cash, without interest, for each unit they own. As a result of the completion of the acquisition, the company's common stock will cease trading on the New York Stock Exchange. J.P. Morgan acted as financial advisor to Strategic Hotels & Resorts, Inc. J.P. Morgan and Duff & Phelps provided fairness opinions to the company's Board of Directors in connection with the transaction. Sidley Austin LLP acted as legal advisor to Strategic Hotels. Citibank, Deutsche Bank and Goldman Sachs acted as financial advisors to Blackstone. Simpson Thacher & Bartlett LLP acted as legal advisor to Blackstone. Strategic Hotels & Resorts, Inc. is a real estate investment trust (REIT) that owns and provides value enhancing asset management of high-end hotels and resorts in the United States. The company currently has ownership interests in 17 properties with an aggregate of 7,921 rooms and 847,000 square feet of multi-purpose meeting and banqueting space. Blackstone is a global leader in real estate investing. Blackstone's real estate business was founded in 1991 and has USD92 billion in investor capital under management. Blackstone real estate also operates one of the leading real estate finance platforms, including management of the publicly traded Blackstone Mortgage Trust (NYSE: BXMT).
JPM: 63.65 (-0.15), BEE: 14.22 (-0.02), BXMT: 28.69 (-0.38)
Blackstone Completes Acquisition of Strategic Hotels & Resorts, Inc.
PR Newswire - Fri Dec 11, 9:46AM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) (the "Company"
announced the completion of the acquisition of the Company by affiliates of Blackstone Real Estate Partners VIII L.P. ("Blackstone" . The total transaction value is approximately $6 billion.
BEE: 14.22 (-0.02), BXMT: 28.69 (-0.38)
Strategic Hotels Shareholders Approve Buyout by Blackstone
Zacks Equity Research - Zacks Investment Research - Wed Dec 09, 3:45PM CST
Strategic Hotels & Resorts, Inc. (BEE) has progressed on its acquisition by the affiliate of The Blackstone Group L.P. (BX) as the former received an approval from its shareholders at a special meeting.
BX: 25.95 (-0.52), BEE: 14.22 (-0.02), HPT: 31.70 (-0.44), RLJ: 23.34 (-0.45)
What are Investors Looking at - Research on Strategic Hotels & Resorts, Allscripts Healthcare Solutions, Kate Spade and Platform Specialty Products
ACCESSWIRE - Wed Dec 09, 7:15AM CST
NEW YORK, NY / ACCESSWIRE / December 9, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Strategic Hotels & Resorts Inc. (NYSE: BEE), Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX), Kate Spade & Co. (NYSE: KATE) and Platform Specialty Products Corp. (NYSE: PAH). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
BEE: 14.22 (-0.02), PAH: 9.07 (-0.03), MDRX: 13.97 (-0.24), KATE: 20.14 (-1.36)
Strategic Hotels & Resorts' Stockholders Approve Acquisition By Blackstone
PR Newswire - Tue Dec 08, 3:01PM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) (the "Company" announced that the holders of its shares of common stock approved the acquisition of the Company by affiliates of Blackstone Real Estate Partner VIII L.P. ("Blackstone" at its special meeting of stockholders held earlier today. Subject to the satisfaction or waiver of all closing conditions related to the transaction, the Company expects the transaction to close on December 11, 2015 and that such date will be the last trading day of the Company's shares on the New York Stock Exchange.
BEE: 14.22 (-0.02), BXMT: 28.69 (-0.38)
Why isn't Xenia Hotels distributing any proceeds of a major asset sale?, asks UNITE HERE in letter to investors
BusinessWire - Mon Nov 09, 7:05AM CST
Dear Xenia investor:
BEE: 14.22 (-0.02)
Strategic Hotels & Resorts reports 3Q results
Automated Insights - Thu Nov 05, 8:33AM CST
CHICAGO (AP) _ Strategic Hotels & Resorts Inc. (BEE) on Thursday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations.
BEE: 14.22 (-0.02)
Strategic Hotels & Resorts Reports Third Quarter 2015 Financial Results
PR Newswire - Thu Nov 05, 7:00AM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) today reported results for the third quarter ended September 30, 2015.
BEE: 14.22 (-0.02)
Strategic Hotels & Resorts Announces Third Quarter 2015 Earnings Release
PR Newswire - Mon Oct 19, 9:33AM CDT
Strategic Hotels & Resorts, Inc. (NYSE: BEE) will report financial results for the third quarter 2015 before the market opens on November 5, 2015. A quarterly conference call will not be held in light of the Company entering into a definitive merger agreement dated as of September 4, 2015 with affiliates of Blackstone Real Estate Partners VIII L.P.
BEE: 14.22 (-0.02)
Downgrade Alert for Strategic Hotels & Resorts (BEE)
Comtex SmarTrend(R) - Mon Oct 05, 7:08AM CDT
Strategic Hotels & Resorts (NYSE:BEE) was downgraded from Outperform to Sector Perform at RBC Capital today. The stock closed yesterday at $13.97 on volume of 5.1 million shares, below average daily volume of 8.2 million. Strategic Hotels & Resorts has overhead space with shares priced $13.97, or 4.5% below the average consensus analyst price target of $14.62. The stock should discover initial support at its 50-day moving average (MA) of $13.79 and subsequent support at its 200-day MA of $12.99.
BEE: 14.22 (-0.02)
Technical Report on REIT - Hotel/Motel Equities -- Host Hotels and Resorts, Strategic Hotels and Resorts, LaSalle Hotel Properties, RLJ Lodging Trust, and Xenia Hotels and Resorts
PR Newswire - Thu Sep 24, 7:24AM CDT
Equity Research Institute has initiated coverage on the following equities: Host Hotels and Resorts Inc. (NYSE: HST), Strategic Hotels and Resorts Inc. (NYSE: BEE), LaSalle Hotel Properties (NYSE: LHO), RLJ Lodging Trust (NYSE: RLJ), and Xenia Hotels and Resorts Inc. (NYSE: XHR). Free research report on Host Hotels and Resorts can be accessed at https://www.erionline.net/HST.pdf On Wednesday, September 23, 2015, the NASDAQ Composite ended at 4,752.74, down 0.08%, the Dow Jones Industrial Average edged 0.31% lower, to finish the day at 16,279.89, and the S&P 500 closed at 1,938.76, down 0.20%. The losses were broad based as all the sectors ended the session in negative. Register for your complimentary reports at the links given below.
HST: 17.44 (-0.45), BEE: 14.22 (-0.02), XHR: 17.61 (-0.31), LHO: 26.92 (-0.56), RLJ: 23.34 (-0.45)
BioMed Up on Rumors of a Sale; Is Blackstone Interested?
Zacks Equity Research - Zacks Investment Research - Wed Sep 23, 2:35PM CDT
BioMed Realty Trust Inc. (BMR) is rumored to be looking for options of a sale. According to a Bloomberg report, this REIT has even drawn attention from The Blackstone Group L.P. (BX).
BMR: 23.81 (+0.04), BX: 25.95 (-0.52), BEE: 14.22 (-0.02), MS: 28.00 (-0.50)
Equities Coverage on the Financial and Healthcare Sector - American International Group, Strategic Hotels & Resorts, Can-Fite Biopharma, Pfizer and Merck & Company
PR Newswire - Mon Sep 21, 8:03AM CDT
ACI Association has initiated research coverage on the following equities: American International Group, Inc. (NYSE: AIG), Strategic Hotels & Resorts Inc. (NYSE: BEE), Can-Fite Biopharma Ltd (NASDAQ: CANF), Pfizer, Inc. (NYSE: PFE), and Merck & Company, Inc. (NASDAQ: MRK). On Friday, September 18, 2015, NASDAQ ended at 4,827.23 down 1.36%, DOW declined 1.74%, to finish the day at 16,384.58, and the S&P closed at 1,958.03, down 1.62%. Register for your complimentary reports at the links given below.
CANF: 2.07 (-0.03), BEE: 14.22 (-0.02), MRK: 58.33 (-0.33), PFE: 36.39 (-0.92), AIG: 54.14 (-0.07)
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Strategic Hotels & Resorts, Inc. (BEE) Over the Proposed Sale of the Company to Blackstone Real Estate Partners VIII
PR Newswire - Mon Sep 14, 9:27AM CDT
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Strategic Hotels & Resorts, Inc. ("Strategic Hotels" or the "Company" (NYSE:BEE) for potential breaches of fiduciary duties in connection with the sale of the Company to Blackstone Real Estate Partners VIII for approximately $6 billion in a cash transaction.
BEE: 14.22 (-0.02)
China's Anbang trumps Marriott with $15B bid for Starwood
AP - Mon Mar 28, 3:44PM CDT
NEW YORK (AP) — The fight for Starwood Hotels swung back in favor of China's Anbang after the insurance company offered $15 billion in a counterpunch to Marriott International.
BEE: 14.22 (-0.02), MAR: 70.59 (-0.60), HOT: 77.20 (-0.51)
Starwood battle to have little impact on price of rooms
AP - Mon Mar 21, 2:47PM CDT
NEW YORK (AP) — The bidding war over the Starwood hotel chain is being closely watched by investors and frequent business travelers. For the leisure crowd, however, who owns their hotel makes very little difference.
BEE: 14.22 (-0.02), MAR: 70.59 (-0.60)
Starwood takes improved bid from Anbang
AP - Fri Mar 18, 10:24AM CDT
NEW YORK (AP) — Starwood called off a $12.2 billion buyout agreement with Marriott in favor of an offer from a group of investors led by the Chinese insurance company Anbang.
GE: 31.05 (-0.10), BEE: 14.22 (-0.02), H: 50.27 (-0.66), MAR: 70.59 (-0.60), HOT: 77.20 (-0.51)
Emerging player from China could disrupt Marriott plans
AP - Mon Mar 14, 4:22PM CDT
NEW YORK (AP) — A fight for control of the Starwood hotel chain is under way following a $14 billion buyout offer Monday from a consortium led by China's Anbang Insurance Group.
BEE: 14.22 (-0.02), EXPE: 113.55 (-3.82), MAR: 70.59 (-0.60), HOT: 77.20 (-0.51)
Blackstone selling Strategic Hotels to Anbang for $6.5B
By ALEX VEIGA - AP - Sat Mar 12, 4:40PM CST
LOS ANGELES (AP) — Blackstone Group has agreed to sell Strategic Hotels & Resorts Inc. to a Chinese firm for $6.5 billion, according to a person familiar with the deal.
BEE: 14.22 (-0.02)
Blackstone completes acquisition of Strategic Hotels & Resorts
M2 - Wed Dec 16, 5:48AM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) said its acquisition by affiliates of Blackstone Real Estate Partners VIII L.P. has been completed in a transaction valued at approximately USD6.0 billion. Pursuant to the transaction, holders of shares of common stock of Strategic Hotels & Resorts, Inc. will be entitled to receive USD14.25 in cash, without interest, for each share of the common stock they own, and holders of membership units of the company's subsidiary, Strategic Hotel Funding, L.L.C., will be entitled to receive USD14.25 in cash, without interest, for each unit they own. As a result of the completion of the acquisition, the company's common stock will cease trading on the New York Stock Exchange. J.P. Morgan acted as financial advisor to Strategic Hotels & Resorts, Inc. J.P. Morgan and Duff & Phelps provided fairness opinions to the company's Board of Directors in connection with the transaction. Sidley Austin LLP acted as legal advisor to Strategic Hotels. Citibank, Deutsche Bank and Goldman Sachs acted as financial advisors to Blackstone. Simpson Thacher & Bartlett LLP acted as legal advisor to Blackstone. Strategic Hotels & Resorts, Inc. is a real estate investment trust (REIT) that owns and provides value enhancing asset management of high-end hotels and resorts in the United States. The company currently has ownership interests in 17 properties with an aggregate of 7,921 rooms and 847,000 square feet of multi-purpose meeting and banqueting space. Blackstone is a global leader in real estate investing. Blackstone's real estate business was founded in 1991 and has USD92 billion in investor capital under management. Blackstone real estate also operates one of the leading real estate finance platforms, including management of the publicly traded Blackstone Mortgage Trust (NYSE: BXMT).
JPM: 63.65 (-0.15), BEE: 14.22 (-0.02), BXMT: 28.69 (-0.38)
Blackstone Completes Acquisition of Strategic Hotels & Resorts, Inc.
PR Newswire - Fri Dec 11, 9:46AM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) (the "Company"
announced the completion of the acquisition of the Company by affiliates of Blackstone Real Estate Partners VIII L.P. ("Blackstone" . The total transaction value is approximately $6 billion. BEE: 14.22 (-0.02), BXMT: 28.69 (-0.38)
Strategic Hotels Shareholders Approve Buyout by Blackstone
Zacks Equity Research - Zacks Investment Research - Wed Dec 09, 3:45PM CST
Strategic Hotels & Resorts, Inc. (BEE) has progressed on its acquisition by the affiliate of The Blackstone Group L.P. (BX) as the former received an approval from its shareholders at a special meeting.
BX: 25.95 (-0.52), BEE: 14.22 (-0.02), HPT: 31.70 (-0.44), RLJ: 23.34 (-0.45)
What are Investors Looking at - Research on Strategic Hotels & Resorts, Allscripts Healthcare Solutions, Kate Spade and Platform Specialty Products
ACCESSWIRE - Wed Dec 09, 7:15AM CST
NEW YORK, NY / ACCESSWIRE / December 9, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Strategic Hotels & Resorts Inc. (NYSE: BEE), Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX), Kate Spade & Co. (NYSE: KATE) and Platform Specialty Products Corp. (NYSE: PAH). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
BEE: 14.22 (-0.02), PAH: 9.07 (-0.03), MDRX: 13.97 (-0.24), KATE: 20.14 (-1.36)
Strategic Hotels & Resorts' Stockholders Approve Acquisition By Blackstone
PR Newswire - Tue Dec 08, 3:01PM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) (the "Company"
announced that the holders of its shares of common stock approved the acquisition of the Company by affiliates of Blackstone Real Estate Partner VIII L.P. ("Blackstone" at its special meeting of stockholders held earlier today. Subject to the satisfaction or waiver of all closing conditions related to the transaction, the Company expects the transaction to close on December 11, 2015 and that such date will be the last trading day of the Company's shares on the New York Stock Exchange. BEE: 14.22 (-0.02), BXMT: 28.69 (-0.38)
Why isn't Xenia Hotels distributing any proceeds of a major asset sale?, asks UNITE HERE in letter to investors
BusinessWire - Mon Nov 09, 7:05AM CST
Dear Xenia investor:
BEE: 14.22 (-0.02)
Strategic Hotels & Resorts reports 3Q results
Automated Insights - Thu Nov 05, 8:33AM CST
CHICAGO (AP) _ Strategic Hotels & Resorts Inc. (BEE) on Thursday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations.
BEE: 14.22 (-0.02)
Strategic Hotels & Resorts Reports Third Quarter 2015 Financial Results
PR Newswire - Thu Nov 05, 7:00AM CST
Strategic Hotels & Resorts, Inc. (NYSE: BEE) today reported results for the third quarter ended September 30, 2015.
BEE: 14.22 (-0.02)
Strategic Hotels & Resorts Announces Third Quarter 2015 Earnings Release
PR Newswire - Mon Oct 19, 9:33AM CDT
Strategic Hotels & Resorts, Inc. (NYSE: BEE) will report financial results for the third quarter 2015 before the market opens on November 5, 2015. A quarterly conference call will not be held in light of the Company entering into a definitive merger agreement dated as of September 4, 2015 with affiliates of Blackstone Real Estate Partners VIII L.P.
BEE: 14.22 (-0.02)
Downgrade Alert for Strategic Hotels & Resorts (BEE)
Comtex SmarTrend(R) - Mon Oct 05, 7:08AM CDT
Strategic Hotels & Resorts (NYSE:BEE) was downgraded from Outperform to Sector Perform at RBC Capital today. The stock closed yesterday at $13.97 on volume of 5.1 million shares, below average daily volume of 8.2 million. Strategic Hotels & Resorts has overhead space with shares priced $13.97, or 4.5% below the average consensus analyst price target of $14.62. The stock should discover initial support at its 50-day moving average (MA) of $13.79 and subsequent support at its 200-day MA of $12.99.
BEE: 14.22 (-0.02)
Technical Report on REIT - Hotel/Motel Equities -- Host Hotels and Resorts, Strategic Hotels and Resorts, LaSalle Hotel Properties, RLJ Lodging Trust, and Xenia Hotels and Resorts
PR Newswire - Thu Sep 24, 7:24AM CDT
Equity Research Institute has initiated coverage on the following equities: Host Hotels and Resorts Inc. (NYSE: HST), Strategic Hotels and Resorts Inc. (NYSE: BEE), LaSalle Hotel Properties (NYSE: LHO), RLJ Lodging Trust (NYSE: RLJ), and Xenia Hotels and Resorts Inc. (NYSE: XHR). Free research report on Host Hotels and Resorts can be accessed at https://www.erionline.net/HST.pdf On Wednesday, September 23, 2015, the NASDAQ Composite ended at 4,752.74, down 0.08%, the Dow Jones Industrial Average edged 0.31% lower, to finish the day at 16,279.89, and the S&P 500 closed at 1,938.76, down 0.20%. The losses were broad based as all the sectors ended the session in negative. Register for your complimentary reports at the links given below.
HST: 17.44 (-0.45), BEE: 14.22 (-0.02), XHR: 17.61 (-0.31), LHO: 26.92 (-0.56), RLJ: 23.34 (-0.45)
BioMed Up on Rumors of a Sale; Is Blackstone Interested?
Zacks Equity Research - Zacks Investment Research - Wed Sep 23, 2:35PM CDT
BioMed Realty Trust Inc. (BMR) is rumored to be looking for options of a sale. According to a Bloomberg report, this REIT has even drawn attention from The Blackstone Group L.P. (BX).
BMR: 23.81 (+0.04), BX: 25.95 (-0.52), BEE: 14.22 (-0.02), MS: 28.00 (-0.50)
Equities Coverage on the Financial and Healthcare Sector - American International Group, Strategic Hotels & Resorts, Can-Fite Biopharma, Pfizer and Merck & Company
PR Newswire - Mon Sep 21, 8:03AM CDT
ACI Association has initiated research coverage on the following equities: American International Group, Inc. (NYSE: AIG), Strategic Hotels & Resorts Inc. (NYSE: BEE), Can-Fite Biopharma Ltd (NASDAQ: CANF), Pfizer, Inc. (NYSE: PFE), and Merck & Company, Inc. (NASDAQ: MRK). On Friday, September 18, 2015, NASDAQ ended at 4,827.23 down 1.36%, DOW declined 1.74%, to finish the day at 16,384.58, and the S&P closed at 1,958.03, down 1.62%. Register for your complimentary reports at the links given below.
CANF: 2.07 (-0.03), BEE: 14.22 (-0.02), MRK: 58.33 (-0.33), PFE: 36.39 (-0.92), AIG: 54.14 (-0.07)
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Strategic Hotels & Resorts, Inc. (BEE) Over the Proposed Sale of the Company to Blackstone Real Estate Partners VIII
PR Newswire - Mon Sep 14, 9:27AM CDT
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Strategic Hotels & Resorts, Inc. ("Strategic Hotels" or the "Company"
(NYSE:BEE) for potential breaches of fiduciary duties in connection with the sale of the Company to Blackstone Real Estate Partners VIII for approximately $6 billion in a cash transaction. BEE: 14.22 (-0.02)
