---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-003857"
form_type: "8-K"
ticker: "SHO"
cik: "0001295810"
company_name: "Sunstone Hotel Investors, Inc."
filed_at: "2022-03-17T23:59:59+00:00"
generated_at: "2026-06-26T21:55:37.556111+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sunstone sells two Chicago hotels for $129.5M, provides RevPAR recovery update, repurchases 3.2M shares

## Summary
- Sold Embassy Suites Chicago and Hilton Garden Inn Chicago Downtown for $129.5M ($178k/key), 9.8x 2019 EBITDAre multiple.
- Chicago hotels expected to generate Q1 2022 net loss of $3.1M-$3.6M before gain on sale.
- 12-hotel comparable portfolio RevPAR at 67% of 2019 levels through March 14; group pace down 17% for rest of 2022.
- Repurchased 3.2M shares at avg $11.08 for $35.1M from March 8-16; $464.9M remaining under authorization.
- CEO states exit from Chicago market due to excess supply; proceeds to be recycled into higher-growth investments.

## SEC filing metadata
- accession: 0001558370-22-003857
- form_type: 8-K
- ticker: SHO
- cik: 0001295810
- company_name: Sunstone Hotel Investors, Inc.
- filed_at: 2022-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295810/000155837022003857/0001558370-22-003857-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295810/000155837022003857/sho-20220316x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-003857
- JSON: https://secwatch.observer/filing/0001558370-22-003857.json
- Plain text: https://secwatch.observer/filing/0001558370-22-003857.txt

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