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Strategic Hotels & Resorts Doubles Market Cap, Prepares for Debt Maturities PDF Print E-mail
Tuesday, 29 September 2009 07:21

In the period between our last coverage post on June 2nd and today, BEE has doubled from 1.31 to 2.56.

While Bernanke points to a recession end inasmuch as the market is concerned, to many the recession isn't over while unemployment rates remain at record highs. The wealthy count on largely stock/real estate capital gains to fuel their spending. The return of the stock market to pre-correction levels is leading more travelers to discover that they can afford to breathe a sigh of relief at an opulent hotel after a tough last year.


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