Thursday, November 4, 2010

Sunstone Hotel Investors Reports Results for Third Quarter 2010

ALISO VIEJO, Calif., Nov. 4, 2010 /PRNewswire via COMTEX/ -- Sunstone Hotel Investors, Inc. today announced results for the third quarter ended September 30, 2010.
RevPAR and hotel EBITDA margin information presented reflect the Company's 30 hotel comparable portfolio on a pro forma basis (excludes the Royal Palm Miami Beach).
Third Quarter 2010 Operational Results:
Total revenue was $177.7 million.
Comparable Portfolio RevPAR was $108.07.
Income available to common stockholders was $18.3 million.
Income available to common stockholders per diluted share was $0.19.
Adjusted EBITDA was $38.9 million.
Pro forma Adjusted EBITDA was $34.5 million.

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