Check into Strategic Hotels and Resorts

(Update 21Oct09) Baird analyst downgraded BEE. The stock dropped quite a bit. Also, I found the web site of Vector Group Ltd here. Vector Group bought a 7.1% stake in BEE on July 8 (SEC filing here). Note the owners of BEE includes Bill Gates (via. his Cascade Investment). A Hotel REIT list.

(Original) Ticker symbol (NYSE:BEE), other hotel REITs for comparison: DRH, LHO.

Company web site. Note Bill Gates private investment fund bought a 5.6% stake on Oct. 2008 (Reuters; Seekingalpha).

National Real Estate Investor/Matt Valley: No Respite for Hoteliers
The epic downturn in hotel fundamentals is forecast to slow, but not before inflicting widespread pain.

CEO Lawrence Geller blog ( a bit old)

Other recent developments

Brookfield Properties

(Google finance NYSE:BPO) company web site

Wikipedia: link
Brookfield Properties Corporation (TSX: BPO, NYSE: BPO) is a Toronto-based North American commercial real estate company. Brookfield Asset Management owns 50% of its outstanding common shares.
Brookfield owns, manages and develops premier office properties in the downtown core of New York City, Washington, D.C., Boston, Denver, Minneapolis, Toronto, Calgary, Ottawa, and Vancouver. Brookfield’s properties include One Liberty Plaza and the World Financial Center in New York City; Brookfield Place (formerly BCE Place), First Canadian Place, and Queen’s Quay Terminal in Toronto; Canadian Western Bank Place and Enbridge Tower in Edmonton; Suncor Energy Centre, Fifth Avenue Place, Altius Centre, Herald Building, and Bankers Hall in Calgary; and Royal Centre in Vancouver. It also operates real estate service businesses and has a land-development business primarily based in Canada.

Secondary offering August 12
(From Reuters) Brookfield Properties Corp. Prices $900 Million Common Share Offering
Wednesday, 12 Aug 2009 10:23am EDT (F-10 here)