Sunstone Hotel Investors Inc（SHO）資訊與事件SHOSunstone Hotel Investors Inc

Sunstone Hotel Sells Hyatt Regency San Francisco for $279M

Sunstone Hotel (SHO) announced that it has entered into a definitive agreement to sell the 821-room Hyatt (H) Regency San Francisco to funds affiliated with Blackstone (BX) Real Estate for a gross sale price of $279M, or approximately $340,000 per key. The sale price represents a 21.4x multiple on Hotel Adjusted EBITDA and a 3.5% cap rate on Hotel Net Operating Income for the trailing twelve-month period ending May 31. The company expects the transaction to close in late July or early August and will provide additional details regarding the disposition, including the expected impact on the company's full year outlook, as part of its upcoming quarterly earnings release in early August.

Company Reports Q1 Revenue of $259.71M, Beating Expectations

Reports Q1 revenue $259.71M, consensus $247.37M. Reports Q1 Total RevPAR for all hotels in the portfolio up 13.4% to $411.28. Total RevPAR excluding Andaz Miami Beach increased 5.3%. Bryan A. Giglia, CEO, stated, "We are pleased with our performance in the first quarter which came in ahead of our expectations despite weather-related headwinds at several hotels throughout the quarter. While the strength was broad based, we were particularly encouraged by our resort portfolio, including solid first quarter performance at Andaz Miami Beach. Our first quarter results demonstrate the embedded growth potential of our portfolio as we benefit from our prior investments and some of our larger markets continue to normalize. We are revising our full year outlook higher to reflect the outperformance in the first quarter, and while trends in the initial months of 2026 give us reasons to be optimistic about the remainder of the year, we retain a level of caution given the uncertain backdrop."

FY26 AFFO Expected at 89 Cents, RevPAR Growth Raised to 5.0%-7.5%

Consensus is for FY26 AFFO 89c. Raises FY26 RevPAR Growth view to 5.0%-7.5% from 4.0%-7.0%.