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Sunstone Quarterly Revenue Up

Aliso Viejo-based hotel REIT Sunstone Hotel Investors Inc. (NYSE: SHO) reported better-than-expected fourth-quarter results Tuesday, with revenue increasing 3.2% to $280.9 million in the period.

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John Arabia

Runs hotel REIT … $3B market cap, $1.2B revenue; $145M net income … sold only local property, Newport Beach Hyatt Regency, 2018 … $95M to L.A. investor … sold after couldn’t buy land lease; moving portfolio to controlling dirt … sale ‘bittersweet’ … 547-room Wailea Beach property ‘$1M a key,’ up 67% in 5 years … moving HQ Aliso to Spectrum

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