2011 News Releases

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DateTitle
11/07/11Sunstone Hotel Investors Reports Operating Results for Third Quarter 2011
Announces Changes in Corporate Governance: Robert Alter Announces Retirement, Keith Locker Named Independent Chairman of the Board, Douglas Pasquale and Andrew Batinovich Named as Additional Independent Directors ALISO VIEJO, Calif., Nov. 7, 2011 /PRNewswire via COMTEX/ --Sunstone Hotel Investors, Inc. (the "Company") (NYSE: SHO) today announced results for the third quarter ended September 30, 2011. Third Quarter 2011 Operational Results (as compared to Third Quarter 2010)(1): ... 
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10/21/11Sunstone Hotel Investors, Inc. Schedules Third Quarter 2011 Earnings Release and Conference Call
ALISO VIEJO, Calif., Oct. 21, 2011 /PRNewswire via COMTEX/ -- Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it will report financial results for the third quarter 2011 after the close of market on Monday, November 7, 2011. Management will hold a conference call on Tuesday, November 8, 2011 at 12:00 p.m. EST (9:00 a.m. PST) to discuss third quarter 2011 results. A live webcast of the call will be available via the Investor Relations section of the Sunstone Hotel Investors we... 
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10/10/11Sunstone Hotel Investors, Inc. Addresses Near-Term Debt Maturities, Reduces Leverage and Bolsters Liquidity
Refinances Doubletree Times Square Loan Sells the Note Secured by the Royal Palm Hotel ALISO VIEJO, Calif., Oct. 10, 2011 /PRNewswire via COMTEX/ -- Sunstone Hotel Investors, Inc. (NYSE: SHO) (the "Company") announced today that it has refinanced the $270 million loan secured by interests in the 460-room Doubletree Guest Suites Times Square (the "Hotel"). The Hotel was refinanced with a new $180 million seven-year, non-recourse mortgage. The new mortgage is interest only for the first 24 mon... 
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09/07/11Sunstone Hotel Investors, Inc. to Present at the Bank of America Merrill Lynch 2011 Global Real Estate Conference
ALISO VIEJO, Calif., Sept. 7, 2011 /PRNewswire via COMTEX/ -- Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that Ken Cruse, President and Chief Executive Officer, will participate in a panel discussion at the Bank of America Merrill Lynch 2011 Global Real Estate Conference. The panel will take place on Thursday, September 8, 2011 at 3:10 p.m. EDT. A live audio webcast of the panel will be available on the conference website at https://www.veracast.com/webcasts/baml/realestate201... 
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08/08/11Sunstone Hotel Investors Reports Results for Second Quarter 2011
Names Ken Cruse as CEO Comparable Hotel RevPAR Increases 7.2% Comparable Hotel EBITDA Margins Increase 280 Basis Points ALISO VIEJO, Calif., Aug. 8, 2011 /PRNewswire via COMTEX/ --Sunstone Hotel Investors, Inc. (the "Company") (NYSE: SHO) today announced results for the second quarter ended June 30, 2011. Second Quarter 2011 Operational Results (as compared to Second Quarter 2010)(1): Comparable Hotel RevPAR increased 7.2% to $131.89. Comparable Hotel EBITDA increased 1... 
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07/22/11Sunstone Hotel Investors, Inc. Schedules Second Quarter 2011 Earnings Release and Conference Call
ALISO VIEJO, Calif., July 22, 2011 /PRNewswire via COMTEX/ -- Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it will report financial results for the second quarter 2011 prior to market open on Monday, August 8, 2011. Management will hold a conference call on Monday, August 8, 2011 at 12:00 p.m. EDT (9:00 a.m. PDT) to discuss second quarter 2011 results. A live webcast of the call will be available via the Investor Relations section of the Sunstone Hotel Investors website at... 
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06/24/11Sunstone Hotel Investors, Inc. Updates Declared Dividends on Its Series D Cumulative Redeemable Preferred Stock
ALISO VIEJO, Calif., June 24, 2011 /PRNewswire via COMTEX/ --Sunstone Hotel Investors, Inc. (NYSE: SHO) issued today the following clarification to its news release dated May 5, 2011. The cash dividend for each share of Series D cumulative redeemable preferred stock will be $0.472222, which reflects the ordinary quarterly cash dividend of $0.50 payable to holders of our Series D cumulative redeemable preferred stock adjusted for the issue date of April 6, 2011. Accordingly, the dividend payabl... 
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05/05/11Sunstone Hotel Investors Reports Results for First Quarter 2011
Pro Forma Comparable 33 Hotel Portfolio RevPAR Increases 7.6% Completes Significant Hotel Renovation Projects Hires Robert Springer as SVP of Acquisitions ALISO VIEJO, Calif., May 5, 2011 /PRNewswire via COMTEX/ --Sunstone Hotel Investors, Inc. (the "Company") (NYSE: SHO) today announced results for the first quarter ended March 31, 2011. First Quarter 2011 Operational Results (1): Total revenue was $162.6 million. RevPAR for the Pro Forma Comparable 33 Hotel Portfolio ... 
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04/26/11Sunstone Hotel Investors, Inc. Schedules First Quarter 2011 Earnings Release and Conference Call
ALISO VIEJO, Calif., April 26, 2011 /PRNewswire via COMTEX/ --Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it will report financial results for the first quarter 2011 at the close of market on Thursday, May 5, 2011. Management will hold a conference call on Friday, May 6, 2011 at 12:00 p.m. EDT (9:00 a.m. PDT) to discuss first quarter 2011 results. A live webcast of the call will be available via the Investor Relations section of the Sunstone Hotel Investors website at ww... 
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04/18/11Sunstone Hotel Investors, Inc. Completes Previously Announced Transactions
Acquires the Controlling Interest in the 1,190-room Hilton San Diego Bayfront Completes the Sale of the Royal Palm Miami Beach ALISO VIEJO, Calif., April 18, 2011 /PRNewswire via COMTEX/ --Sunstone Hotel Investors, Inc. (NYSE: SHO) (the "Company") announced today that it has completed the previously announced acquisition of the 75% majority interest in the joint venture that owns the 1,190-room Hilton San Diego Bayfront (the "Hotel") located in San Diego, California. Concurrent with the acqu... 
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04/07/11Sunstone Hotel Investors, Inc. Closes Public Offering of 8.0% Series D Cumulative Redeemable Preferred Stock
Announces Exercise of the Underwriters' Overallotment Option ALISO VIEJO, Calif., April 7, 2011 /PRNewswire via COMTEX/ --Sunstone Hotel Investors, Inc. (NYSE: SHO) (the "Company") announced today the closing of an underwritten public offering of 4,600,000 shares of 8.0% Series D Cumulative Redeemable Preferred Stock (the "Series D Preferred Stock"), including the full exercise of the underwriters' overallotment option, for gross proceeds of $115.0 million. The joint book-running manager... 
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04/01/11Sunstone Hotel Investors, Inc. Prices Public Offering of 8.0% Series D Cumulative Redeemable Preferred Stock
ALISO VIEJO, Calif., April 1, 2011 /PRNewswire via COMTEX/ --Sunstone Hotel Investors, Inc. (NYSE: SHO) (the "Company") announced today that it has priced an underwritten public offering of 4,000,000 shares of its 8.0% Series D Cumulative Redeemable Preferred Stock (the "Series D Preferred Shares") for gross proceeds of $100.0 million. The underwriters have been granted a 30-day option to purchase up to an additional 600,000 Series D Preferred Shares to cover over-allotments, if any. The jo... 
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03/30/11Sunstone Hotel Investors, Inc. Announces Public Offering of Series D Cumulative Redeemable Preferred Stock
ALISO VIEJO, Calif., March 30, 2011 /PRNewswire via COMTEX/ --Sunstone Hotel Investors, Inc. (NYSE: SHO) (the "Company") announced today that it intends to issue 3,000,000 shares of its Series D Cumulative Redeemable Preferred Stock (the "Series D Preferred Shares"). The underwriters will be granted a 30-day option to purchase up to an additional 450,000 Series D Preferred Shares to cover over-allotments, if any. The offering is expected to price no later than Friday, April 1, 2011. The joi... 
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03/29/11Sunstone Hotel Investors, Inc. Plans Public Offering of Cumulative Redeemable Preferred Stock
ALISO VIEJO, Calif., March 29, 2011 /PRNewswire via COMTEX/ --Sunstone Hotel Investors, Inc. (NYSE: SHO) (the "Company") announced today that it intends to issue shares of Cumulative Redeemable Preferred Stock ("Preferred") subject to market conditions, over the near-term. The Company expects to contribute the net proceeds from the contemplated offering to Sunstone Hotel Partnership, LLC, its wholly owned subsidiary (the "Operating Partnership"), in exchange for additional membership units ... 
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03/29/11Sunstone Hotel Investors Provides Business Update
Agrees to acquire controlling interest in the 1,190-room Hilton San Diego Bayfront Agrees to sell the Royal Palm Miami Beach for $130.0 million Quarter-to-date Comparable Portfolio RevPAR Increases Approximately 5.4% ALISO VIEJO, Calif., March 29, 2011 /PRNewswire via COMTEX/ --Sunstone Hotel Investors, Inc. (the "Company") (NYSE: SHO) today provided preliminary results for the first quarter as of March 25, 2011. Operations Update The financial information contained herein for the fir... 
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03/28/11Sunstone Hotel Investors, Inc. Schedules Business Update Call
ALISO VIEJO, Calif., March 28, 2011 /PRNewswire via COMTEX/ -- Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it will provide a business update at the close of market on Tuesday, March 29, 2011. Management will hold a conference call on Wednesday, March 30, 2011 at 12:00 p.m. EDT (9:00 a.m. PDT) to update stockholders. A live webcast of the call will be available via the Investor Relations section of the Sunstone Hotel Investors website at www.sunstonehotels.com. A replay o... 
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02/17/11Sunstone Hotel Investors Reports Results for Fourth Quarter 2010
PDF Version Acquires 494-room JW Marriott New Orleans Industry Leader John V. Arabia to Join as CFO Comparable Portfolio Hotel EBITDA Margins Increase 250 Basis Points ALISO VIEJO, Calif., Feb. 17, 2011 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company") (NYSE: SHO) today announced results for the fourth quarter ended December 31, 2010. Fourth Quarter 2010 Operational Results (1): Total revenue was $184.3 million. Comparable Portfolio RevPAR was $102.44. Income available ... 
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02/14/11Sunstone Hotel Investors Announces New Chief Financial Officer
Industry Leader John V. Arabia to Join Sunstone ALISO VIEJO, Calif., Feb. 14, 2011 /PRNewswire via COMTEX/ -- Sunstone Hotel Investors, Inc. (the "Company") (NYSE: SHO) today announced that Mr. John V. Arabia has been appointed as Chief Financial Officer and Executive Vice President of Corporate Strategy effective April 4, 2011. Mr. Arabia will fill the role opened by the promotion of Kenneth E. Cruse to President. "As a highly regarded industry leader with over 20 years of lodging industr... 
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02/09/11Sunstone Hotel Investors, Inc. Schedules Fourth Quarter and Full Year 2010 Earnings Release and Conference Call
ALISO VIEJO, Calif., Feb. 9, 2011 /PRNewswire via COMTEX/ -- Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it will report financial results for the fourth quarter and full year 2010 at the close of market on Thursday, February 17, 2011. Management will hold a conference call on Thursday, February 17, 2011 at 4:30 p.m. EST (1:30 p.m. PST) to discuss fourth quarter and full year 2010 results. A live webcast of the call will be available via the Investor Relations section of t... 
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01/13/11Sunstone Hotel Investors Provides Business Update
Agrees to Acquire 100% interest in the 460-room Doubletree Guest Suites Times Square Fourth Quarter RevPAR Increased 5.7% ALISO VIEJO, Calif., Jan. 13, 2011 /PRNewswire via COMTEX/ --Sunstone Hotel Investors, Inc. (the "Company") (NYSE: SHO) today provided preliminary results for the fourth quarter ended December 31, 2010. Operations Update The financial information contained herein for the fiscal quarter ended December 31, 2010 reflects the Company's preliminary expectations and is su... 
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01/10/11Sunstone Hotel Investors, Inc. Schedules Business Update Call
ALISO VIEJO, Calif., Jan. 10, 2011 /PRNewswire via COMTEX/ -- Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it will hold a conference call on Thursday, January 13, 2011 at 4:30 p.m. EST (1:30 p.m. PST) to update stockholders on its preliminary fourth quarter 2010 results. A live webcast of the call will be available via the Investor Relations section of the Sunstone Hotel Investors website at www.sunstonehotels.com. A replay of the webcast will also be archived on the webs... 
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