---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-013242"
form_type: "8-K"
ticker: "SHO"
cik: "0001295810"
company_name: "Sunstone Hotel Investors, Inc."
filed_at: "2024-10-10T23:59:59+00:00"
generated_at: "2026-05-30T16:24:00.651137+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sunstone Hotel lowers FY2024 guidance due to labor disruption at Hilton San Diego Bayfront

## Summary
- Labor disruption at 1,190-room Hilton San Diego Bayfront caused group cancellations; union ratified new contract on Oct 9, hotel resumed normal operations.
- FY2024 Adjusted EBITDAre expected $11M-$13M lower; RevPAR growth 125-150 bps lower; AFFO per share $0.06 lower than prior outlook.
- Preliminary Q3 2024 total portfolio RevPAR change -1.4% vs prior year; September RevPAR -6.1% driven by labor disruption.
- Since Q3 start, repurchased 2.3M shares at avg $9.79 for $22.8M; total 2024 repurchases 2.7M shares at avg $9.83.
- Hurricane Milton caused no physical damage at Renaissance Orlando or Oceans Edge; cancellations partially offset by incremental transient demand.

## SEC filing metadata
- accession: 0001558370-24-013242
- form_type: 8-K
- ticker: SHO
- cik: 0001295810
- company_name: Sunstone Hotel Investors, Inc.
- filed_at: 2024-10-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295810/000155837024013242/0001558370-24-013242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295810/000155837024013242/sho-20241010x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-013242
- JSON: https://secwatch.observer/filing/0001558370-24-013242.json
- Plain text: https://secwatch.observer/filing/0001558370-24-013242.txt

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