Hotels Targeted by U.S. Activists Seeking Higher Returns | bloomberg.com

Strategic Hotels & Resorts Inc. (BEE), owner of Manhattan’s JW Marriott Essex House, is under pressure from Orange Capital LLC to consider a sale. Morgans Hotel Group Co. (MHGC), an operator of boutique properties, is being targeted by both billionaire Ron Burkle and an activist firm after a shareholder ouster of its board. Chatham Lodging Trust (CLDT) last month rejected a takeover bid from a top investor that is considering more moves.