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Strategies & Market Trends : Meristar Hotels & Resorts (MMH) -- Ignore unavailable to you. Want to Upgrade?

To: professor who wrote (12)	4/1/1999 10:30:00 AM
From: professor	Read Replies (1) \| Respond to of 21

Great news came out on Meristar Hotels & Resorts (MMH). They announced today they have joined a $400 million investment partnership with Oak Hill Capital Partners, a Robert Bass partnership. They have already acquired four properties as of 3/31/99 and those properties will be accretive to earnings by 2 cents a share. The partnership will buy an additional 12-15 properties so we can expect earnings to be increased by as much as 8 cents. The stock is trading very attractive at $2.75. Analysts should be increasing their earnings estimates shortly. Here is the link to the press release. meristar.com