Hotel Takeovers?

The WSJ has a piece quoting analysts saying they expect the market to remain hot for hotel company buyouts, which could make for an interesting summer in the Washington area, where we are home to several large operators.

"So far this year, five publicly traded hotel companies in the U.S. have been taken private in transactions totaling $8.77 billion, including debt, according to data from SNL Financial, a Charlottesville, Va., research firm. Of the five companies, four were real-estate investment trusts."

The piece wraps up with this piece of speculation: "Some analysts think even behemoth REITs, like Host Hotels & Resorts Inc., with a market capitalization of $12.4 billion, could be take over candidates."

By Dan Beyers  |  June 20, 2007; 7:20 AM ET  | Category:  Hospitality
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