Sunstone Hotel Q4 RevPAR Up 5.7% YoY

Sunstone Hotel Investors, Inc. SHO today provided preliminary results for the fourth quarter ended December 31, 2010. Operations Update The financial information contained herein for the fiscal quarter ended December 31, 2010 reflects the Company's preliminary expectations and is subject to customary adjustments that may arise during the completion of the financial statement closing process. Such adjustments could result in changes to these preliminary results. All RevPAR information presented reflects the Company's 30 hotel comparable portfolio, which excludes the Royal Palm Miami Beach hotel due to ongoing rebranding and repositioning. While the Company has not finalized its quarterly financial statement closing process, it currently expects to report the following for the fiscal quarter ended December 31, 2010: Fourth quarter 2010 comparable RevPAR is expected to increase approximately 5.7% from fourth quarter 2009. Full year 2010 comparable RevPAR is expected to increase approximately 2.6% from full year 2009. The Company reaffirms its fourth quarter guidance for Adjusted EBITDA and Adjusted FFO.