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Strategic Hotels & Resorts Inc (BEE) [hlAlert]

Rating:
Buy BEE
up 46.84 %

Strategic Hotels & Resorts Inc (BEE) rated Buy by BofA/Merrill

Posted on: Monday,  Jan 13, 2014  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy Strategic Hotels & Resorts Inc (NYSE: BEE) on 01/13/2014, when the stock price was $9.35.
Since then, Strategic Hotels & Resorts Inc has gained 46.84% as of 12/11/2016's recent price of $13.73.
If you would have followed this BofA/Merrill's recommendation on BEE, you would have gained 46.84% of your investment in 1063 days.

Strategic Hotels & Resorts, Inc. (SHR), operates as a self-administered and self-managed real estate investment trust (REIT). SHR owns and asset manages upper upscale and luxury hotels that are subject to long-term management contracts. The Company conducts its operations through its direct and indirect subsidiaries, including Strategic Hotel Funding, L.L.C (SH Funding). As of December 31, 2008, SHR?s portfolio included 19 full-service hotel interests located in urban and resort markets in the United States; Paris, France; Mexico City and Punta Mita, Nayarit, Mexico; Hamburg, Germany; London, England, and Prague, Czech Republic. SHR operates in one reportable business segment: hotel ownership. The Company?s existing hotels are operated under brands of Fairmont, Four Seasons, Hyatt, InterContinental, Loews, Marriott, Ritz-Carlton and Westin. The Hotel del Coronado is operated by a management company, KSL Resorts.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/13/2014 8:25 AM Buy
None
9.35
as of 10/17/2014
1 Week up  2.65 %
1 Month up  0.08 %
3 Months down  -2.10 %
1 YTD up  24.06 %

(*) Stock Price at the time of the recommendation.
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