REIT Wrecks

Strategic Hotels & Resorts: A Five Star Hotel REIT on the Cheap

BEE has no debt maturities until 2011. Sounds good, except that commercial mortgage maturities peak in 2011 ($250 billion) and 2012 (roughly $275 billion), and BEE has $1 billion in debt maturities in 2011, followed by $600 million in 2012. Location? Who cares. The Stanford Court Hotel on Nob Hill in San Francisco just went into receivership. Adam, be careful with this stock. BEE is soon to become WAS.