Key Developments: Strategic Hotels & Resorts Inc (BEE.N)

BEE.N on New York Stock Exchange

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27 Feb 2015
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Latest Key Developments (Source: Significant Developments)

Strategic Hotels & Resorts Inc gives FY 2015 EBITDA and FFO guidance in line with analysts' estimates; gives FY 2015 RevPAR guidance
Monday, 23 Feb 2015 04:05pm EST 

Strategic Hotels & Resorts Inc:Expects FY 2015 RevPAR 5.0 pct - 7.0 pct.Expects FY 2015 Total RevPAR 4.0 pct - 6.0 pct.Expects FY 2015 comparable EBITDA in the range of $300 mln -$320 mln.Expects FY 2015 comparable FFO per diluted share in the range of $0.77 - $0.85.FY 2015 EBITDA of $310 mln and FFO of $0.83 - Thomson Reuters I/B/E/S.  Full Article

Strategic Hotels & Resorts Inc acquires Montage Laguna Beach
Thursday, 29 Jan 2015 04:01pm EST 

Strategic Hotels & Resorts Inc: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.  Full Article

Strategic Hotels & Resorts Inc closes acquisition of Four Seasons Resort Scottsdale at Troon North
Tuesday, 9 Dec 2014 02:49pm EST 

Strategic Hotels & Resorts Inc:Closed on acquisition of Four Seasons Resort Scottsdale at Troon North for $140.0 million, which includes 13.8-acres of developable land zoned for additional 88 hotel keys and potential incremental residential usage.210-guestroom, AAA Five Diamond destination resort is located on about 40-acres in the northern region of Scottsdale, Arizona.Hotel features 22 suites, 24,000 square feet of indoor meeting space, 14-treatment room spa, four food and beverage outlets and contractual access to 36 holes of championship golf at adjacent Troon North Golf Club.  Full Article

Strategic Hotels & Resorts Inc declares quarterly dividend
Friday, 5 Dec 2014 04:01pm EST 

Strategic Hotels & Resorts Inc:Declared quarterly cash dividend of $0.51563 per Series B Preferred Share.Dividend payable on Dec. 31, 2014 to shareholders of record as of close of business on Dec. 15, 2014.  Full Article

Strategic Hotels & Resorts Inc announces public offering of common stock
Monday, 1 Dec 2014 04:09pm EST 

Strategic Hotels & Resorts Inc:Commencing an underwritten public offering of 20,000,000 shares of its common stockCompany expects to grant the underwriter a 30-day option to purchase up to 3,000,000 additional shares of common stock to cover over-allotments, if any.J.P. Morgan is acting as sole book-running manager for offering.Intends to use proceeds to fund acquisition of Four Seasons Resort Scottsdale at Troon North, to redeem all of issued and outstanding shares of its 8.25% Series B Cumulative Redeemable Preferred Stock.Also to fund possible future acquisitions, and for general corporate purposes, including, without limitation, reducing debt and funding capital expenditures and working capital.  Full Article

Strategic Hotels & Resorts, Inc announces agreement to acquire Four Seasons Resort Scottsdale At Troon North
Tuesday, 18 Nov 2014 09:25am EST 

Strategic Hotels & Resorts, Inc:Signs agreement to acquire Four Seasons Resort Scottsdale at Troon North from affiliate of Walton Street Capital, L.L.C. for $140.0 mln.Which includes 13.8-acres of developable land zoned for an additional 88 hotels keys and potential incremental residential usage.Management has valued land parcels at $6.0 mln.Acquisition, which is expected to close during fourth quarter of 2014, remains subject to customary due diligence, closing conditions and working capital adjustments.  Full Article

Strategic Hotels And Resorts Inc updates FY 2014 RevPAR guidance; raises low end of prior FY 2014 EBITDA guidance to a range in line with analysts' estimates; raises FY 2014 FFO guidance
Monday, 3 Nov 2014 09:20am EST 

Strategic Hotels And Resorts Inc:Updates guidance ranges for FY 2014 as follows.Expects FY 2014 RevPAR growth in the range of 5.5 pct. - 7.0 pct. (prior range of 5.5 pct. - 7.0 pct.).Expects FY 2014 total RevPAR growth in the range of 6.0 pct. - 7.0 pct. (prior range of 5.5 pct. - 7.0 pct.).Expects FY 2014 comparable EBITDA in the range of $240 - $250 million (prior range $235 - $250 million).Expects FY 2014 Comparable FFO per diluted share in the range of $0.65 - $0.69 (prior range $0.62 - $0.68).FY 2014 EBITDA of $249 million and FFO per share of $0.67 - Thomson Reuters I/B/E/S.  Full Article

Strategic Hotels & Resorts Inc reaffirms FY 2014 guidance - Conference Call
Wednesday, 24 Sep 2014 06:00am EDT 

Strategic Hotels & Resorts Inc:Projects FY 2014 total RevPAR in the range of 5.5 - 7.0 pct.Projects FY 2014 comparable EBITDA in the range of $235 to $250 mln.Projects FY 2014 comparable FFO in the range of $0.62 - $0.68 per fully diluted share.FY 2014 EBITDA of $249 mln and FFO of $0.66 - Thomson Reuters I/B/E/S.  Full Article

Strategic Hotels & Resorts Inc declares third quarter preferred dividends
Thursday, 28 Aug 2014 09:15am EDT 

Strategic Hotels & Resorts Inc:Declares quarterly dividend of $0.51563 per share of 8.25 pct Series B Cumulative Redeemable Preferred Stock payable on Sept. 30 to shareholders of record on Sept. 15.  Full Article

Strategic Hotels & Resorts raises low end of prior FY 2014 outlook to a range in line with analysts' estimates, raises low end of prior RevPAR outlook
Monday, 4 Aug 2014 04:01pm EDT 

Strategic Hotels & Resorts Inc:Now expects FY 2014 total RevPAR in the range of 5.5 - 7.0 pct.FY 2014 comparable EBITDA in the range of $235 to $250 mln.FY 2014 comparable FFO in the range of $0.62 - $0.68 per fully diluted share.FY 2014 EBITDA of $246 mln and FFO of $0.65 - Thomson Reuters I/B/E/S.  Full Article

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