Strategic Hotels & Resorts (NYSE: BEE): A Way To Own Luxury Hotels... With 60% Upside

It's not often that a company's management tells you the company is grossly undervalued and it's looking to sell itself, effectively giving investors a chance to jump into the stock before it takes off.

This is a form of pre-emptive merger-arbitrage investing. However, when a company has retained an investment bank to help with the sale, it's even less speculative than the usual merger-arb investing.
This potential buyout opportunity gets even better when the stock also has downside protection, where the company is trading below replacement cost.

Well, that's exactly the case with Strategic Hotels & Resorts (NYSE: BEE), the only publicly traded real estate investment trust (REIT) that focuses exclusively on the luxury hotel and resort markets. (more)

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