secwatch.observer — SEC 8-K summary
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Issuer:     Sunstone Hotel Investors, Inc. (SHO)
CIK:        0001295810
Form:       8-K
Filed at:   2022-09-14T23:59:59+00:00
Accession:  0001558370-22-014396
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunstone Hotel operations update: Q3 QTD RevPAR down 2.7% vs 2019, ADR up 16.9%
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- Comparable portfolio occupancy 72.2% (down 1,450 bps vs 2019); ADR $285.37 (+16.9% vs 2019).
- Excluding Renaissance Washington DC (conversion to Westin in 2023), RevPAR down only 0.4% vs 2019.
- Group revenue pace for H2 2022 down 13% vs 2019, an improvement of ~200 bps from June 2022.
- September–December transient bookings at 86% of 2019 room nights, with rates ~27% higher.
- Preliminary Q3 QTD total revenues $161M, Hotel Adjusted EBITDA $47M for all 15 hotels.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295810/000155837022014396/0001558370-22-014396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295810/000155837022014396/sho-20220914x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014396

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer