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Last €12.14 EUR
Change Today +0.081 / 0.67%
Volume 0.0
As of 2:13 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

strategic hotels & resorts i (RX1) Snapshot

Open
€12.14
Previous Close
€12.06
Day High
€12.14
Day Low
€12.14
52 Week High
08/19/15 - €12.95
52 Week Low
10/15/14 - €8.69
Market Cap
3.3B
Average Volume 10 Days
28.0
EPS TTM
--
Shares Outstanding
275.5M
EX-Date
11/5/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for STRATEGIC HOTELS & RESORTS I (RX1)

strategic hotels & resorts i (RX1) Related Businessweek News

No Related Businessweek News Found

strategic hotels & resorts i (RX1) Details

Strategic Hotels & Resorts, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It is owner and asset manager of the highest quality portfolio of upper-upscale and luxury hotels and resorts. The firm was formerly known as Strategic Hotel Capital Inc. Strategic Hotels & Resorts, Inc was founded in 1997 and is based in Chicago, Illinois.

33 Employees
Last Reported Date: 02/24/15
Founded in 1997

strategic hotels & resorts i (RX1) Top Compensated Officers

Chairman of The Board of Directors, Chief Exe...
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $447.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $447.5K
Executive Vice President, General Counsel and...
Total Annual Compensation: $387.0K
Compensation as of Fiscal Year 2014.

strategic hotels & resorts i (RX1) Key Developments

Strategic Hotels & Resorts Exploring Possible Strategic Alternatives

Strategic Hotels & Resorts, Inc. (NYSE:BEE) announced that its Board of Directors is exploring possible strategic alternatives for the Company, including the potential sale of the company. The company has retained J.P. Morgan Chase & Co. (NYSE:JPM) as financial advisor. Raymond L. Gellein, Chairman and Chief Executive Officer of Strategic Hotels & Resorts, Inc. said, "Our Board of Directors and management team remain committed to acting in the best interests of our shareholders, We are confident in our strategic plan and the value we have created for our shareholders. At the same time, we are always open to ways in which we can further maximize shareholder value."

Cascade May Buy Strategic Hotels Stake

Cascade Investment, L.L.C. disclosed that given the possibility of Strategic Hotels & Resorts, Inc. (NYSE:BEE) exploring a potential sale as noted in recent press reports, it approached the company about the possibility of exploring strategic alternatives for the company, including the possibility of Cascade "being a party to a transaction." Such discussions may lead to Cascade participating in such a transaction, it stated. The investment vehicle controlled by Bill Gates owns 9.8% of Strategic Hotels.

Strategic Hotels & Resorts, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment for the Second Quarter of 2015; Revises Earnings Guidance for the Year 2015; Provides Impairment Guidance for the Year 2015

Strategic Hotels & Resorts, Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the period, the company’s total revenues were $356,902,000 against $276,163,000 a year ago. The increase was primarily driven by the acquisitions of the Four Seasons Resort Scottsdale at Troon North, the Montage Laguna Beach resort and the Four Seasons Hotel Austin, as well as the consolidation of the Hotel del Coronado. Operating income was $40,504,000 against $40,251,000 a year ago. Income before income taxes and discontinued operations was $26,105,000 against $87,676,000 a year ago. Income from continuing operations was $23,653,000 against $87,469,000 a year ago. Net income attributable to SHR common shareholders was $6,698,000 against $80,840,000 a year ago. The year-over-year decrease in net income was primarily the result of a one-time gain related to the acquisition and consolidation of the Hotel del Coronado recorded in the second quarter of 2014. Basic and diluted income per share from continuing operations attributable to SHR common shareholders was $0.02 against diluted earnings per share of $0.35 a year ago. Basic and diluted net income per share attributable to SHR common shareholders was $0.02 against diluted earnings per share of $0.35 a year ago. EBITDA was $67,048,000 against $135,356,000 a year ago. Comparable EBITDA was $88,412,000 against $68,911,000 a year ago. FFO attributable to SHR common shareholders were $20.931 million against $41.506 million a year ago. Comparable FFO per fully diluted share was $0.25 against $0.21 a year ago. FFO fully diluted was $21,114,000 against $41,882,000 a year ago. Comparable FFO was $68,984,000 against $48,112,000 a year ago. For the six months, the company’s total revenues were $682,173,000 against $470,818,000 a year ago. Operating income was $76,094,000 against $40,905,000 a year ago. This increase was primarily driven by the acquisitions of the Four Seasons Resort Scottsdale at Troon North, the Montage Laguna Beach resort and the Four Seasons Hotel Austin, as well as the consolidation of the Hotel del Coronado and the Fairmont Scottsdale Princess resort. Income before income taxes and discontinued operations was $38,738,000 against $153,070,000 a year ago. Income from continuing operations was $36,067,000 against $152,824,000 a year ago. Net income attributable to SHR common shareholders was $22,509,000 against $297,998,000 a year ago. The year-over-year decrease in net income was primarily the result of the one-time gains related to the consolidation of the Fairmont Scottsdale Princess resort and the Hotel del Coronado recorded in the first half of 2014. Diluted income per share from continuing operations attributable to SHR common shareholders was $0.07 against $0.60 a year ago. Diluted net income per share attributable to SHR common shareholders was $0.07 against $1.30 a year ago. EBITDA was $139,727,000 against $429,205,000 a year ago. Comparable EBITDA was $162,512,000 against $110,085,000 a year ago. FFO attributable to SHR common shareholders were $71.881 million against $49.599 million a year ago. FFO fully diluted was $72,211,000 against $50,922,000 a year ago. Comparable FFO was $125,309,000 against $60,338,000 a year ago. Comparable FFO per fully diluted share was $0.45 against $0.28 a year ago. Comparable FFO increased 60.7% over the prior year period as a result of the company's acquisition and financing activities. Comparable EBITDA increased 47.6% increase between periods as a result of the company's acquisition activity and same store growth. Comparable EBITDA increased 28.3% increase between periods as a result of the Company's acquisition activity and same store growth. For the second quarter of 2015, the company reported impairment losses of $10,401,000. For the year 2015, the company now expects comparable EBITDA in the range of $325 million to $340 million against $320 million to $340 million as previously expected. Comparable FFO per diluted share expects in the range of $0.88 to $0.94 against $0.85 to $0.93 as previously expected. The company expects net income attributable to common shareholders between $58.9 million to $73.9 million, Depreciation and amortization between $160.6 million to $160.6 million, interest expense between $81.4 million to $81.4 million and income taxes between $8.1 million to $8.1 million. The company provided impairment guidance for the year 2015. For the year, impairment losses of $10.4 million.

 

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Industry Analysis

RX1

Industry Average

Valuation RX1 Industry Range
Price/Earnings 84.6x
Price/Sales 2.9x
Price/Book 2.4x
Price/Cash Flow 19.0x
TEV/Sales 1.4x
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