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Sunstone Q4 RevPAR Rose 3.6%

Thursday February 21st, 2013 - 8:05AM

ALISA VIEJO, CA—Sunstone Hotel Investors fourth-quarter 2012 RevPAR increased 3.6% compared to the same period last year.

In his remarks accompanying the earnings release, CEO Ken Cruse noted the REIT currently has approximately $300 million to invest. Sunstone expects to invest a significant portion of these funds in acquiring high quality hotels.

The REIT presently has an ownership interest in 26 hotels with 11, 632 rooms.