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Sunstone Hotel Investors draws down revolver over pandemic

Sunstone Hotel Investors Inc. borrowed $300 million from its revolving credit facility in light of the economic uncertainty due to the COVID-19 pandemic.

The full service hotel-focused real estate investment trust now has $200 million of capacity remaining under the revolver it secured in 2018.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.