Edition:
United Kingdom

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.