This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Strategic's Management Present At Deutsche Bank Hospitality & Gaming Conference (Transcript)

Strategic Hotels & Resorts Inc (BEE)

Deutsche Bank Hospitality & Gaming Conference Transcript

November 10, 2011 1:05 PM ET


Diane Morefield – Chief Financial Officer


Tim Wengerd – Deutsche Bank


Tim Wengerd – Deutsche Bank

Welcome back from lunch everybody. My name is Tim Wengerd. I cover lodging here at Deutsche Bank with Carlo Santarelli with me right now is Diane Morefield, the CFO of Strategic Hotels. And before we get started just one note, there are cards like this in front of you and on these cards, there's a URL that allows you to post the anonymous questions and they will come up here to this IPAD and I can sift through them.

So about, about 20 minutes in I'll look to this bulletin board and see what your questions are. And with that, why don't we start with the thing that's on everyone's mind right now, this past week Strategic made an offer to for just some preferreds and why don't we just start by asking Diane and what she can tell us about that offer.

Diane Morefield

Okay. Sure. For those of you who have been following Strategic Hotels & Resorts, I'm sure you're well aware that we have been in a major balance sheet restructuring phase pretty much since the beginning of 2010.

We, at the beginning this is year, made a decision to early accelerate all of our debt maturities that actually were back ended maturities in 2011 and throughout 2012. And luckily we decided to go to the market and refinance all of our debt, that debt done literally the last deal closed, the last week of July just as the debt ceiling crisis elevated and the capital market shutdown.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs