Sunstone Hotel Investors, Inc.

Sunstone Hotel Investors, Inc. (NYSE: SHO) operates as a real estate investment trust specializing in the ownership and active management of upper upscale and luxury hotels. The company's website is www.sunstonehotels.com.

As of December 31, 2025, Sunstone owns a portfolio of 14 hotels comprising 6,999 rooms located across seven states and Washington, DC. The company's properties are positioned in convention, urban, and resort destinations, with all hotels operating under nationally recognized brands including Marriott, Hyatt, Four Seasons, Hilton, and Montage, with the exception of the Oceans Edge Resort & Marina, which operates independently. Marriott-affiliated entities manage six properties, Hyatt manages three, and Four Seasons, Hilton, Montage, Sage Hospitality Group, and Singh Hospitality each manage one property.

Sunstone's business model centers on active ownership and value creation through capital investment, hotel repositioning, and disciplined asset management. The company employs a lifecycle approach to acquisitions and dispositions, seeking to recycle capital from mature assets into higher-growth opportunities. All hotels are operated by third-party managers under long-term management agreements with Sunstone Hotel TRS Lessee, Inc., a taxable REIT subsidiary that leases the properties from the company's operating partnership.

The company maintains a portfolio of upper upscale and luxury properties in highly desirable markets with significant barriers to entry. Sunstone's competitive positioning is supported by its liquidity position, flexible capital structure, appropriate leverage levels, and strong access to capital markets as a publicly traded REIT. The company's asset management team works collaboratively with third-party operators to drive revenue growth and operational efficiency through property-level innovation and capital investment planning.

As of December 31, 2025, Sunstone employed 37 corporate employees, with all hotel operational staff employed by the respective management companies. The company is subject to REIT tax requirements, mandating distribution of at least 90 percent of taxable income to stockholders annually. Sunstone's strategic focus emphasizes maintaining appropriate leverage and financial flexibility to create value throughout all phases of operating and financial cycles while delivering superior per-share net asset value growth.