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February 19, 2013
09:09 EDTBEEOrange Capital publicizes prior request for Strategic Hotels to pursue sale
Orange Capital, an investment firm which is the beneficial owner of 6.25M shares of Strategic common stock, announced that on February 1st it issued a letter to the Board of Directors of Strategic Hotels & Resorts urging for an immediate sale of the company. Orange Capital made its letter public after failing to receive an adequate response from Strategicís Board of Directors, the firm said. Orange Capital said it believes the sale of Strategicís "unique and highly attractive properties would likely result in proceeds of $11-14 per share, a 40-79% premium over the most recent closing price." Orangeís valuation is based upon a property level analysis using capitalization rates, replacement cost and comparable M&A transactions. It also takes into consideration qualitative variables such as the scarcity value of luxury hotel assets and conditions in the capital markets, the firm said.
News For BEE From The Last 14 Days
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September 22, 2014
11:20 EDTBEEStrategic Hotels repeats FY14 FFO view 62c-68c, consensus 67c
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September 19, 2014
06:46 EDTBEEStrategic Hotels to host investor day
Investor day to be held on September 22 at 2 pm. Webcast Link

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