Thursday, June 16, 2005

More on Wyndham buyout

My most recent hit (#47) was Blackstone Group's buyout of Wyndham (WBR) chain of hotels and resorts. Blackstone has been buying hotel/resort groups for a while now, including Extended Stay America and Boca Resorts over the last year.

The hotel/resort sector still looks cheap, except for a few players that have recovered from the post-9/11 drop in travel. Expect more buyouts to happen.

One other stock I own in this sector is Jameson Inns (JAMS), and it still ranks as a buy. This should make for a very attractive target.

A few others that I have been watching but have not dared so far to buy are Intrawest (IDR), Vail Resorts (MTN), Great Wolf Resorts (WOLF), Bluegreen BXG). These are not cheap, but may be worth nibbling at. The latter two are very attractive value buys, though Great Wolf is unlikely to be an immediate takeover target since it went public less than 6 months ago.


Post a Comment

<< Home