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Zell sparks hotel buyout rumors


TUG Member
Mar 2, 2008
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South Florida
"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.


Not sure what the copyright rules are here. If this does not comply feel free to delete this post


TUG Member
Feb 13, 2007
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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.