ALISO VIEJO, Calif.,
June 6, 2016 /PRNewswire/ -- Sunstone
Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO)
today announced that its Board of Directors has declared a cash
dividend of $0.2016 per share payable
to its Series F cumulative redeemable preferred stockholders.
The Series F preferred stock dividend reflects the time period of
May 17, 2016 to June 30, 2016. The dividend will be paid on
July 15, 2016 to stockholders of
record as of June 30, 2016.
About Sunstone Hotel Investors, Inc.
Sunstone Hotel Investors, Inc. is a lodging real estate
investment trust ("REIT") that as of the date herein has interests
in 28 hotels comprised of 13,648 rooms. Sunstone's hotels are
primarily in the urban, upper upscale segment and are operated
under nationally recognized brands, such as Marriott, Hilton, Hyatt
and Fairmont. For further information, please visit Sunstone's
website at www.sunstonehotels.com.
Sunstone's mission is to create meaningful value for our
stockholders by producing superior long-term returns. Our
values include transparency, trust, ethical conduct, communication
and discipline. As demand for lodging generally fluctuates with the
overall economy, we seek to employ a balanced, cycle-appropriate
corporate strategy
This press release contains forward-looking statements within
the meaning of federal securities laws and regulations. These
forward-looking statements are identified by their use of terms and
phrases such as "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "plan," "predict,"
"project," "should," "will" and other similar terms and phrases,
including opinions, references to assumptions and forecasts of
future results. Forward-looking statements are not guarantees of
future performance and involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to differ materially from those anticipated at the time the
forward-looking statements are made. These risks include, but are
not limited to: volatility in the debt or equity markets affecting
our ability to acquire or sell hotel assets; international,
national and local economic and business conditions, including the
likelihood of a U.S. recession or global economic slowdown, as well
as any type of flu or disease-related pandemic, affecting the
lodging and travel industry; the ability to maintain sufficient
liquidity and our access to capital markets; potential terrorist
attacks or civil unrest, which would affect occupancy rates at our
hotels and the demand for hotel products and services; operating
risks associated with the hotel business; risks associated with the
level of our indebtedness and our ability to meet covenants in our
debt and equity agreements; relationships with property managers
and franchisors; our ability to maintain our properties in a
first-class manner, including meeting capital expenditure
requirements; our ability to compete effectively in areas such as
access, location, quality of accommodations and room rate
structures; changes in travel patterns, taxes and government
regulations, which influence or determine wages, prices,
construction procedures and costs; our ability to identify,
successfully compete for and complete acquisitions; the performance
of hotels after they are acquired; necessary capital expenditures
and our ability to fund them and complete them with minimum
disruption; our ability to continue to satisfy complex rules in
order for us to qualify as a REIT for federal income tax purposes;
and other risks and uncertainties associated with our business
described in the Company's filings with the Securities and Exchange
Commission. Although the Company believes the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, it can give no assurance that the
expectations will be attained or that any deviation will not be
material. All forward-looking information in this release is as of
June 6, 2016 and the Company
undertakes no obligation to update any forward-looking statement to
conform the statement to actual results or changes in the Company's
expectations.
For Additional Information:
Bryan Giglia
Sunstone Hotel Investors, Inc.
(949) 382-3036
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SOURCE Sunstone Hotel Investors, Inc.