buyouts have got to make you think that SPPR may after all be on someones radar screen. Personally, I'd like SPPR to stay SPPR, and grow itself thru acquistions. I don't think a 20-40% stock premium (if buyout occurs)now would be in the best interest of shareholders. However could see much more interest in SPPR by people looking for a possible buyout.
From the Equity Inn PR...
Lodging REITs -- especially those focusing on hotels without in-house food and beverage service -- have made an attractive investment target because of their steady returns, said David Loeb, an analyst with Robert W. Baird & Co.
"Stable income characteristics mean there's somewhat less risk to adding a whole lot of leverage to these things," said Loeb. "It's the leverage part that makes the math work."
Thanks...agree at this point 20% gets my NO vote....30% maybe....but really hoping SPPR is a long term member of my portfolio ;-)
BTW: I wanted to ask if anyone follows another Hotel REIT that has quarterly conference calls that maybe a good read of Hotel REITs and SPPR? I was following EHP (high class hotels) but it went private also. Any recommendations would be appreciated..thanks!