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Strategic Hotels & Resorts, Inc. Message Board

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  • mmports2010 mmports2010 Dec 16, 2009 11:42 AM Flag

    Bankruptcy or buyout in 2010?

    You are right the price of the assets are being given away like today with the sale of the Renaissance Paris Hotel Le Parc Trocadero for gross price of $51.5 mln.

    They only possible way is to to a stock offering in order to raise capital, keep their properties (if not were is the business going to generate future value), and dilute current stockholder. It would be possitive for the market as it would show they have a future and they intend to fight for it. Now it looks they are just selling assets as they can so that they can pay off the creditors.

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