trending Market Intelligence /marketintelligence/en/news-insights/trending/zql-IkYqSNAZSF-4AQfdVw2 content esgSubNav
In This List

Sunstone Hotel to sell Calif. hotel for $42M

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Sunstone Hotel to sell Calif. hotel for $42M

Sunstone HotelInvestors Inc. is under contract to sell its leasehold interest inthe SheratonCerritos hotel for $42.0 million.

The company expects the sale to close in the second quarter,according to an SEC filing.

In a May 11 release, Sunstone said it expects the sale toreduce its 2016 adjusted EBITDA and adjusted FFO attributable to commonstockholders by about $2.9 million.