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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.