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Some Like it Hot: Pirate Capital Initiates Stake in Starwood Hotels & Resorts

Pirate just finished it's purchase of Intrawest a little while ago. My un-researched guess would be that this little stake in HOT is probably something that Intrawest had in it's holdings. A quick Google for Intrawest + Starwood shows at least one partnership, which is not unexpected given both companies sizes and similar markets.