Strategic Hotels & Resorts, Inc. (BEE) is making a powerful upward run to above $3.60 per share – an increase of approximately 80% – following our timely buy recommendation in September of last year right at the $2 level. Strategic Hotels is in the luxury hotel business and owns and provides value-enhancing asset management of high-end hotels and resorts in the United States, Mexico, and Europe. The company currently has ownership interests in 17 properties with an aggregate of 8,002 rooms.

Last September, I stated: “Not only could Strategic Hotels & Resorts (BEE) represent a near-term profit opportunity based on current upward momentum – the company could also prove to be a longer-term profit-generator as the company’s numbers improve on continued global economic recovery.”

I believe that is exactly what we are seeing now. The company’s president and CEO, Laurence Geller, recently commented, “On the macro level, given that high-end properties were the hardest hit segment of the industry and suffered both the longest and steepest decline, high-end hotels and resorts logically have the most significant growth ahead, especially given the benign supply environment. Simply stated, we have the opinion that the rebound in the high-end lodging sector will be greater than in other sectors, while the sustainable operating cuts we have made will provide consistent and strong margin improvement.”  

Strategic Hotels & Resorts, Inc. (BEE) is in a steady upward trend – and all indicators point to the BEE share-price moving incrementally higher in the coming weeks. I am recommending that open BEE positions be held at this time. Stand closely by as I plan on announcing a near term “Profit-Protect” interval.  

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