Key Developments: Strategic Hotels and Resorts Inc (BEE)
8.13USD
24 May 2013
$-0.03 (-0.37%)
$8.16
$8.09
$8.16
$7.95
1,041,799
2,089,277
$8.56
$5.44
Latest Key Developments (Source: Significant Developments)
Strategic Hotels And Resorts Inc Reaffirms FY 2013 Earnings Guidance; Reaffirms FY 2013 RevPAR Guidance
Strategic Hotels And Resorts Inc announced that for fiscal 2013, it expects Comparable EBITDA will be in the range of $195.0 million to $210.0 million and Comparable FFO in the range of $0.33 and $0.40 per fully diluted share and total RevPAR growth of 4.0% to 6.0 %. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $205.8 million and FFO of $0.38 for fiscal 2013. Full Article
Strategic Hotels And Resorts Inc Issues FY 2013 Earnings Guidance In Line With Analysts' Estimates; Comments On FY 2013 RevPAR Guidance
Strategic Hotels And Resorts Inc announced that for fiscal 2013, it expects Comparable EBITDA will be in the range of $195.0 million to $210.0 million and Comparable FFO in the range of $0.33 and $0.40 per fully diluted share and total RevPAR growth of 4.0% to 6.0 %. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $208.1 million and FFO of $0.39 for fiscal 2013. Full Article
Strategic Hotels And Resorts Inc Declares First Quarter Preferred Dividends
Strategic Hotels And Resorts Inc announced that Board of Directors has declared a quarterly dividend of $0.53125 per share of 8.5 % Series A Cumulative Redeemable Preferred Stock payable on April 1, 2013 to shareholders of record on March 18, 2013, a quarterly dividend of $0.51563 per share of 8.25 % Series B Cumulative Redeemable Preferred Stock payable on April 1, 2013 to shareholders of record March 18, 2013 and a quarterly dividend of $0.51563 per share of 8.25 % Series C Cumulative Redeemable Preferred Stock payable on April 1, 2013 to shareholders of record March 18, 2013. Full Article
Strategic Hotels And Resorts Inc Declares Fourth Quarter Preferred Dividends
Strategic Hotels And Resorts Inc announced that Board of Directors has declared a quarterly dividend of $0.53125 per share of 8.5 %Series A Cumulative Redeemable Preferred Stock payable on December 31, 2012 to shareholders of record on December 14, 2012, a quarterly dividend of $0.51563 per share of 8.25% Series B Cumulative Redeemable Preferred Stock payable on December 31, 2012 to shareholders of record December 14, 2012 and a quarterly dividend of $0.51563 per share of 8.25% Series C Cumulative Redeemable Preferred Stock payable on December 31, 2012 to shareholders of record December 14, 2012. Full Article
Strategic Hotels And Resorts Inc Reaffirms FY 2012 Guidance
Strategic Hotels And Resorts Inc announced that for fiscal 2012, it is reaffirming guidance range for RevPAR growth, Total RevPAR growth, Comparable EBITDA, and Comparable FFO per diluted share. The Company also anticipates that Comparable EBITDA will be in the range of $165.0 million to $180.0 million and Comparable FFO in the range of $0.21 and $0.29 per fully diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $176 million and FFO of $0.28 for fiscal 2012. Full Article
Strategic Hotels And Resorts Inc Reaffirms FY 2012 Earnings Guidance-Conference Call
Strategic Hotels And Resorts Inc reaffirmed its fiscal 2012 guidance. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $176 million and FFO of $0.27 for fiscal 2012. Full Article
Strategic Hotels And Resorts Inc Announces President And CEO Laurence Geller To Step Down
Strategic Hotels And Resorts Inc announced that Laurence S. Geller is stepping down as President and Chief Executive Officer and member of the Company's Board of Directors, effective immediately. Raymond L. Rip Gellein, Jr., Chairman of the Company's Board of Directors, will assume the additional role of Chief Executive Officer. Mr. Geller will serve in an advisory role to Mr. Gellein until the end of the year. Full Article
Strategic Hotels And Resorts Inc Completes Acquisition Of JW Marriott Essex House Hotel In New York City
Strategic Hotels And Resorts Inc announced that it has closed on the acquisition of the JW Marriott Essex House Hotel in New York City for a gross purchase price of approximately $362.3 million. Strategic Hotels has established a joint venture agreement with an affiliate of KSL Capital Partners, LLC to fund the equity portion of the acquisition. The Company will own 51% of the joint venture and will serve as the managing member and asset manager. Full Article
Strategic Hotels And Resorts Inc Reaffirms FY 2012 Earnings Guidance-Conference Call
Strategic Hotels & Resorts Inc. announced that for fiscal 2012, it anticipates comparable EBITDA to be in the range of $165.0-$180.0 million and Comparable FFO in the range of $0.21-$0.29 per fully diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $177 million and FFO of $0.28 for fiscal 2012. Full Article
Strategic Hotels And Resorts Inc Provides Update Regarding Essex House Hotel Acquisition
Strategic Hotels And Resorts Inc announced that the deadline for closing the Essex House Hotel acquisition has been extended until September 14, 2012. The agreements with Marriott International and Bank of America Merrill Lynch remain in effect through the extension period. Full Article
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