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Strategic Hotels & Resorts, Inc. Message Board

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  • mmports2010 mmports2010 Dec 16, 2009 11:58 AM Flag

    Bankruptcy or buyout in 2010?

    I agree that its a ridiculus price but it's just as ridiculus to sell their properties at these prices just to complly with their creditors which are just making them sell them little by little so they don't have to foreclose them. It's cheaper and easier for the lender and the managemet team still gets paid, so I'm wondering were their priorities are.