Sunstone Hotel Investors, Inc. Prices Public Offering Preferred Stock

Sunstone Hotel Investors, Inc. SHO announced today that it has priced an underwritten public offering of 4,000,000 shares of its 8.0% Series D Cumulative Redeemable Preferred Stock for gross proceeds of $100.0 million. The underwriters have been granted a 30-day option to purchase up to an additional 600,000 Series D Preferred Shares to cover over-allotments, if any.