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Zell sparks hotel buyout rumors

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"As real estate magnate nears possible Starwood buyout, investors speculate on industrywide consolidation"

NEW YORK (Reuters) -- Starwood Hotels & Resorts Worldwide Inc. signed a confidentiality agreement with property magnate Sam Zell's Equity Group Investments LLC, according to a regulatory filing, sending hotel shares higher as investors anticipated takeover deals in the sector.


http://money.cnn.com/2009/01/02/news/companies/starwood.reut/index.htm?postversion=2009010216

Not sure what the copyright rules are here. If this does not comply feel free to delete this post
 
I am a little confused about a statement in the article - "People want to follow the smart money and Zell is a very respected investor." Followed by the news that in 2007 he led a deal to take Tribune Co. private and in 2008 Tribune filed for Chapter 11. If that is the smart money no wonder the world's a mess right now.
 
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