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Sunstone Hotel Investors Inc (SHO.N)

SHO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sunstone Hotel Investors Announces Sale Of Marriott Philadelphia And Marriott Quincy For $139 Mln
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Sunstone Hotel Investors Inc ::SUNSTONE HOTEL INVESTORS INC - DEAL FOR APPROXIMATELY $184,600 PER KEY.PRESS RELEASE - SUNSTONE HOTEL INVESTORS ANNOUNCES THE SALE OF THE 289-ROOM MARRIOTT PHILADELPHIA AND THE 464-ROOM MARRIOTT QUINCY FOR $139.0 MILLION.  Full Article

Sunstone Hotel Investors refinances $220 mln mortgage loan
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Sunstone Hotel Investors Inc ::Sunstone Hotel Investors - has refinanced existing $220 million mortgage loan secured by Hilton San Diego Bayfront with a new $220 million mortgage loan​.  Full Article

Sunstone Hotel Investors Q3 adj FFO per share $0.31
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Sunstone Hotel Investors Inc : :Sunstone Hotel Investors reports results for third quarter 2017.Q3 adjusted FFO per share $0.31.Sunstone Hotel Investors Inc qtrly ‍ 26 hotel comparable portfolio RevPAR increased 2.0% to $179.10​.Sunstone Hotel Investors Inc - ‍on October 27, 2017, company's board of directors approved recording of a total noncash impairment charge of $34.4 million​.Sunstone Hotel Investors Inc - ‍in 2017, company expects to invest approximately $115 million to $125 million into its portfolio​.Sunstone Hotel Investors Inc sees Q4 adjusted ffo attributable to common stockholders per diluted share $0.24 to $0.26​.  Full Article

Sunstone Hotel investors announces sale of 444-room Fairmont Newport Beach for $125 mln
Monday, 13 Feb 2017 

Sunstone Hotel Investors Inc : Sunstone Hotel investors announces the sale of the 444-room Fairmont Newport beach for $125.0 million . Says sale of 444-room fairmont newport beach resulted in an estimated net book gain of about $44 million .Sale of 444-room fairmont newport beach is estimated to increase 2017 taxable income by approximately $37 million.  Full Article

Sunstone Hotel reports Q2 adj FFO per share $0.39
Monday, 8 Aug 2016 

Sunstone Hotel Investors Inc : Sunstone Hotel Investors reports results for second quarter 2016 . Q2 adjusted FFO per share $0.39 . Sees Q3 adjusted FFO attributable to common stockholders per diluted share $0.31 to $0.32 .Sees FY adjusted FFO attributable to common stockholders per diluted share $1.19 to $1.28.  Full Article

Sunstone Hotel investors sell leasehold interest in the 203-room Sheraton Cerritos for $42.0 million
Wednesday, 11 May 2016 

Sunstone Hotel Investors Sells The Leasehold Interest In The 203 : Transaction resulted in an estimated net book gain of approximately $17.5 million to $18.5 million . Deal is expected to increase 2016 taxable income by approximately $16.0 million to $17.0 million . Sale is expected to reduce full year 2016 adjusted ebitda,adjusted ffo attributable to common stockholders by about $2.9 million . Sale is expected to reduce company's full year 2016 net income by approximately $1.9 million .Room sheraton cerritos for $42.0 million.  Full Article