Strategic Hotels & Resorts' Morefield: REIT model tested by recession

11/1/2010 | CFO.com

In an interview with CFO, Strategic Hotels & Resorts Chief Financial Officer Diane Morefield talks about the REIT's plans for the future as well as why it was able to sail through the recession relatively unscathed despite its many luxury brands. It was the first hospitality REIT to renegotiate a line of credit, she noted. She also thinks earnings are going to come back much faster and in more of a V shape now that a recovery is underway. "That is why you saw our stock price go up several hundred percent," she said.

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