(1) Sunstone Hotel Investors Inc (NYSE:SHO) triggered: 05/22/2013
Sunstone Hotel Investors is a real estate investment trust. Co.'s primary business is to acquire, own, asset manage and renovate full-service hotel properties in the U.S. Co. may also sell certain hotels from time to time. Co.'s hotels are operated under brand names such as Marriott, Hilton, Fairmont, Hyatt and Sheraton. Co.'s portfolio primarily consists of upper upscale hotels. Co. also owns luxury, upscale and upper midscale hotels. As of Dec 31 2011, Co. had interests in 32 hotels located in 14 states and in Washington, D.C. All of Co.'s hotels are managed by third parties pursuant to management agreements with its Sunstone Hotel TRS Lessee, Inc. subsidiary or its subsidiaries.
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