Sunstone Hotel Investors Inc

NYSE:SHO   3:59:59 PM EDT
12.72
+0.32 (+2.58%)
4:10:59 PM EDT: $12.67 -0.05 (-0.39%)
Mergers / Acquisitions, Equity Financing / Related

Sunstone Hotel Investors Acquires The 130-Room Montage Healdsburg Resort For $265 Million

Published: 04/28/2021 22:17 GMT
Sunstone Hotel Investors Inc (SHO) - Sunstone Hotel Investors Acquires the 130-room Montage Healdsburg Resort for $265 Million.
Sunstone Hotel Investors Inc - Acquisition Funded From Cash on Hand, Direct Issuance of $66 Million of Perpetual Preferred Equity to Seller.
Sunstone Hotel Investors - Upon Stabilization, Expects Resort to Generate a 6.0% to 7.0% Net Operating Income Yield on Total Invested Capital.