Preheat oven to 400. 

Wrap 2 beets together in foil. Repeat with remaining beets. Place on baking sheet and cook until tender, about 1 hour 15 minutes. Cool. 

Peel beets. Cut each beet into 8 wedges. 

Combine beets and the remaining ingredients in medium saucepan. Simmer over medium heat until sauce is syrupy, stirring often, about 8 minutes.

Season with salt and pepper. Serve hot.

Tip: Can be made 1 day ahead. Chill. Rewarm over low heat, stirring often.