Sunstone Hotel Investors Inc (N:SHO)

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Company Contact

Address:	15 Enterprise, Suite 200 ALISO VIEJO CA 92656
Tel:	N/A
Website:	https://www.sunstonehotels.com
IR:	See website

Key People

Robert C. Springer President, Chief Investment Officer	Bryan Albert Giglia Chief Executive Officer	Aaron R. Reyes Chief Financial Officer, Executive Vice President
Christopher G. Ostapovicz Chief Operating Officer, Executive Vice President	David M. Klein Executive Vice President, General Counsel

Business Overview

Sunstone Hotel Investors, Inc. is a real estate investment trust. The Company owns approximately 14 hotels, comprised of 6,675 rooms, located in six states and in Washington, DC. The Company's portfolio consists of luxury hotels located in convention, resort destinations and urban markets. It is the owner of Long-Term Relevant Real Estate (LTRR) in the lodging industry, specifically hotels in urban and resort destination locations. The Company's hotels are operated by third-party managers under long-term management agreements with TRS Lessee or its subsidiaries. It is operated by third-party managers under long-term management agreements with the TRS Lessee or its subsidiaries. Its third-party managers include subsidiaries of Marriott International, Inc.; managers of six of the Company's hotels; Hyatt Hotels Corporation, manager of two of its hotels; and Four Seasons Hotels Limited, Highgate Hotels L.P. and an affiliate, Hilton Worldwide, and Interstate Hotels & Resorts, Inc.

Financial Overview

For the fiscal year ended 31 December 2023, Sunstone Hotel Investors Inc revenues increased 8% to $986.5M. Net income applicable to common stockholders increased from $72.6M to $191.7M. Revenues reflect Occupancy - % Renaissance Washington increase of 42% to 70.4%, ADR- Hyatt Regency San Francisco increase of 13% to $302, FFO per Share (Diluted) increase of 17% to $0.95, Room increase of 7% to $619.3M.

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