Highest-materiality recent filing
Sunstone Hotel Q2 net income $26M, RevPAR up 9.3%; sells Hyatt Regency SF, raises FY outlook
Net income attributable to common stockholders $26.0M ($0.14/diluted share) vs $6.8M ($0.03) in Q2 2025.
Sunstone Hotel sells Hyatt Regency San Francisco to Blackstone for $279M, repurchases $70M stock
Gross sale price $279M for 821-room Hyatt Regency SF ($340K/key); implied 21.4x EBITDAre, 3.5% cap rate.
Sunstone Hotel Q1 net income $16M ($0.08/diluted), RevPAR +14.6%; GC departs
Net income attributable to common stockholders was $16.0M ($0.08/diluted) vs $1.3M ($0.01) in Q1 2025.
Sunstone Q4 net income $7.2M; RevPAR +9.6%; returns $170M to holders
Q4 net income $7.2M vs $0.8M YoY; Adjusted FFO per share $0.20, up 25%.
Sunstone Hotel Q3 net income $1.3M, RevPAR up 2%, but adjusted FFO down 5.6%
Net income fell to $1.3M from $3.2M in Q3 2024, a 59% decline.
Sunstone closes $1.35B credit facility, extends maturities to 2030-2031, lowers borrowing cost
Aggregate borrowing capacity of $1.35B composed of $500M revolver and three term loans totaling $850M.
Sunstone Hotel Q2 net income falls to $10.8M from $26.1M; RevPAR up 2.2%
Net income $10.8M vs $26.1M YoY; excluding loss on sale of Hilton New Orleans St. Charles, net income would have been $19.5M.
Sunstone Hotel Q1 net income $5.3M; Adj. FFO per share up 16.7% to $0.21; RevPAR +2.2%
Net income of $5.3M vs $13.0M in Q1 2024; Adjusted FFO per share rose 16.7% to $0.21.
Sunstone Hotel Q4 net income $0.8M; Adjusted FFO per share down 15.8% to $0.16
Q4 net income $0.8M vs $127.0M prior year (incl. gain on sale); adj. FFO $0.16/diluted share, down 15.8%.
Sunstone Q3 net income $3.2M vs $15.6M; RevPAR down 1.3%; new $100M term loan
Net income fell to $3.2M from $15.6M YoY; Adjusted FFO per diluted share $0.18, down 21.7%.
Sunstone Hotel lowers FY2024 guidance due to labor disruption at Hilton San Diego Bayfront
Labor disruption at 1,190-room Hilton San Diego Bayfront caused group cancellations; union ratified new contract on Oct 9, hotel resumed normal operations.
Sunstone Q2 net income falls to $26.1M; adjusted FFO down 15.2%
Net income $26.1M vs $43.1M YoY; Adjusted EBITDA re down 13.6% to $73.5M.
Net income $13.0M vs $21.1M YoY; Adjusted FFO per diluted share $0.18, down 14.3%.
Sunstone Hotel Q4 Adj FFO $0.19, -26.9% YoY; FY2023 RevPAR +5.6%
Q4 net income $127.0M (incl. gain on sale); adj. net income $3.2M; EBITDAre $54.6M (-20.5% YoY).
Sunstone Hotel declares $0.13 Q4 dividend, recurring dividend raised to $0.07
Q4 dividend $0.13/share ($0.07 recurring + $0.06 extra), payable Jan 16, record Dec 29.
Sunstone Q2 net income $43.1M, RevPAR +3.6%, raises dividend
Net income $43.1M vs $37.7M in Q2 2022; diluted EPS not stated.
Sunstone Q1 net income $21.1M; RevPAR up 32% to $218; secured $225M term loan
Net income $21.1M vs $15.1M Q1 2022; Adj. FFO per diluted share $0.21 (up 162.5%).
Sunstone Hotel Q4 net income $17.5M; RevPAR up 34.2%; Adjusted FFO $0.26 per share
Q4 net income $17.5M; Q4 2021 net income of $138.3M included gains on hotel sales.
Sunstone Hotel net income $20.5M in Q3 2022 vs loss of $22.1M a year ago; RevPAR up 49%
Comparable portfolio RevPAR surged 49.0% to $207.18; ADR $287.75, occupancy 72.0%.
Sunstone Hotel operations update: Q3 QTD RevPAR down 2.7% vs 2019, ADR up 16.9%
Comparable portfolio occupancy 72.2% (down 1,450 bps vs 2019); ADR $285.37 (+16.9% vs 2019).
Sunstone Hotel posts Q2 net income $37.7M; RevPAR up 98.4% to $220.37
Net income $37.7M vs net loss $27.9M YoY; Adj FFO per diluted share $0.30 (up 2900%).
Sunstone Hotel Investors closes $850M credit agreement, extends maturities to 2027/2028
New $500M unsecured revolver plus $350M term loans (two $175M tranches), up from $108M prior.
Sunstone completes Miami acquisition; to buy remaining 25% of Hilton San Diego Bayfront for $102M
Completed $232M acquisition of 339-room Confidante Miami Beach; $60M repositioning to Andaz, expected 8-9% stabilized NOI yield.
Sunstone Q1 net income $15.1M vs loss of $55.3M; RevPAR up 207.7%
Net income of $15.1M compared to net loss of $55.3M in Q1 2021; Adjusted EBITDAre up 285.3% to $27.2M.
Sold Embassy Suites Chicago and Hilton Garden Inn Chicago Downtown for $129.5M ($178k/key), 9.8x 2019 EBITDAre multiple.
Sunstone appoints new CEO, President/CIO, CFO; Pasquale shifts to Executive Chairman
Bryan Giglia, former CFO, appointed CEO effective March 7, 2022; salary raised to $600k with 135% target bonus.
Sunstone Q4 net income $138.3M vs loss; RevPAR up 421% YoY; sold Chicago hotel for $67.5M
Q4 net income $138.3M vs net loss of $39.4M in Q4 2020; full year net income $33.0M vs loss $410.5M.
Sunstone reports Q3 net loss of $22.1M; RevPAR up 633%; acquisition and sale contracts
Net loss of $22.1M vs $91.1M loss in Q3 2020; Adjusted FFO per share $0.10, up 138.5%.
Sunstone Hotel Investors CEO John V. Arabia leaves, Chairman Douglas M. Pasquale named interim CEO
John V. Arabia separated as President & CEO and resigned from Board, effective immediately; separation is without 'Cause' per employment agreement.
Sunstone Hotel Q2 net loss narrows to $27.9M; RevPAR surges 3,182% to $95.84
Net loss of $27.9M vs $117.5M in Q2 2020; Adjusted EBITDAre up 132.6% to $15.3M.
Sunstone Hotel issues 4M shares of 5.70% Series I Preferred, redeems 3M Series F shares
Issued 4,000,000 shares of 5.70% Series I Cumulative Redeemable Preferred Stock at $25 liquidation preference.
Sunstone amends unsecured debt agreements, removes $250M acquisition cap
Covenant limiting unencumbered hotel acquisitions to $250M removed during waiver period.
David Klein will depart from his position as General Counsel and Secretary of the Company, effective May 31, 2026.
Chris Ostapovicz will depart from his position as Chief Operating Officer of the Company, effective January 21, 2025.
appointed Bryan Giglia, age 45, as Chief Executive Officer effective as of March 7, 2022.
On March 4, 2022, the Company appointed Douglas Pasquale as Executive Chairman effective as of March 7, 2022 until September 1, 2022.
on September 10, 2021, the Compensation Committee of the Board approved entering into an employment agreement (the “Employment Agreement”) with the Company’s Interim Chief Executive Officer, Douglas Pasquale (the “Executive”).
The Board has appointed Douglas M. Pasquale, currently chairman of the Board, to serve as the Company’s Chief Executive Officer, effective immediately.
On September 2, 2021, the Board of Directors (the “Board”) of Sunstone Hotel Investors, Inc. (the “Company”) determined to separate with John V. Arabia, with respect to his role as the Company’s President and Chief Executive Officer.
Max materiality 0.80 · Median 0.65 · Most common event earnings