---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-076640"
form_type: "8-K"
ticker: "SHO"
cik: "0001295810"
company_name: "Sunstone Hotel Investors, Inc."
filed_at: "2026-06-23T11:35:39+00:00"
generated_at: "2026-06-23T11:40:44.713644+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sunstone Hotel sells Hyatt Regency San Francisco to Blackstone for $279M, repurchases $70M stock

## Summary
- Gross sale price $279M for 821-room Hyatt Regency SF ($340K/key); implied 21.4x EBITDAre, 3.5% cap rate.
- Deployed ~$70M of proceeds into buybacks: 4.4M common at $9.24 avg ($40.5M), 1.4M preferred at $20.37 avg ($27.8M).
- Transaction expected to close late July/early August 2026; further details in Q2 earnings release.
- CEO cites strategy to recycle capital into higher risk-adjusted returns; remaining proceeds to be deployed.

## SEC filing metadata
- accession: 0001104659-26-076640
- form_type: 8-K
- ticker: SHO
- cik: 0001295810
- company_name: Sunstone Hotel Investors, Inc.
- filed_at: 2026-06-23T11:35:39+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295810/000110465926076640/0001104659-26-076640-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295810/000110465926076640/sho-20260623x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-076640
- JSON: https://secwatch.observer/filing/0001104659-26-076640.json
- Plain text: https://secwatch.observer/filing/0001104659-26-076640.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.