About Sunstone Hotel Investors, Inc.
Sunstone Hotel Investors, Inc. (NYSE:SHO) is a lodging real estate investment trust (REIT) that, as of the date hereof, has interests in 27 hotels with an aggregate of 11,882 rooms primarily in the upper-upscale segment operated under nationally recognized brands such as Marriott, Hyatt, Hilton, Starwood and Fairmont.
The Sunstone team is focused on achieving industry-leading stockholder returns by improving our portfolio quality and scale while gradually deleveraging our balance sheet. Sunstone’s strategy is predicated on:
Proactive Portfolio Management: Improving our overall portfolio quality and growth potential through portfolio-wide initiatives such as market complexing and the sale of certain non-strategic assets;
Intensive Asset Management: Positioning our portfolio for growth as a result of recent and ongoing renovations and asset management initiatives, including streamlining of F&B operations and staffing models and energy retro-commissioning;
Disciplined External Growth: Pursuing high-quality acquisitions using our shares as currency when such acquisitions can be executed at attractive relative valuations;
Measured Balance Sheet Improvement: Reducing our corporate leverage and increasing our debt-service coverage through improving operations, selling highly-levered assets and by acquiring high-quality, unencumbered hotels.