|Sunstone Hotel Investors, Inc. ("Sunstone") is a lodging real estate investment trust ("REIT") that, as of the date hereof, owns 28 hotels comprised of 13,648 rooms primarily in the upper-upscale segment. Sunstone's hotels are generally operated under nationally recognized brands, such as Marriott, Hilton, Hyatt and Fairmont. For further information, please visit Sunstone's website at www.sunstonehotels.com|
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|07/01/16||Sunstone Hotel Investors Schedules Second Quarter 2016 Earnings Release and Conference Call|
|ALISO VIEJO, Calif., July 1, 2016 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company") (NYSE: SHO) announced that it will report financial results for the second quarter 2016 on Monday, August 8, 2016 after the market closes. Management will hold its quarterly conference call the next day, on Tuesday, August 9, 2016 at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time).
A live webcast of the call will be available via the Investor Relations section of the Sunstone Hotel Investors web... |
|06/06/16||Sunstone Hotel Investors Declares Dividend On Series F Preferred Stock|
|ALISO VIEJO, Calif., June 6, 2016 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced that its Board of Directors has declared a cash dividend of $0.2016 per share payable to its Series F cumulative redeemable preferred stockholders. The Series F preferred stock dividend reflects the time period of May 17, 2016 to June 30, 2016. The dividend will be paid on July 15, 2016 to stockholders of record as of June 30, 2016.
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|05/11/16||Sunstone Hotel Investors Sells The Leasehold Interest In The 203-Room Sheraton Cerritos For $42.0 Million|
|ALISO VIEJO, Calif., May 11, 2016 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced that it has sold (the "Sale") the leasehold interest in the 203-room Sheraton Cerritos (the "Hotel") for a contractual price of $42.0 million (or approximately $206,900 per key). The contractual gross sale price of $42.0 million represents a 10.5x multiple on 2015 Hotel Adjusted EBITDA of $4.0 million, and a 8.2% capitalization rate on 2015 Hotel net operatin... |
|05/10/16||Sunstone Hotel Investors, Inc. Prices Public Offering of 6.45% Series F Cumulative Redeemable Preferred Stock|
|ALISO VIEJO, Calif., May 10, 2016 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (NYSE: SHO) (the "Company") announced today that it has priced an underwritten public offering of 3,000,000 shares of its 6.45% Series F Cumulative Redeemable Preferred Stock (the "Series F Preferred Shares") for gross proceeds of $75 million.
The sole book-running manager for this offering is Wells Fargo Securities, LLC. The offering is expected to close on May 17, 2016, subject to customary closing conditions.