Sunstone Disposes Hilton New Orleans St. Charles Hotel for $47M

Key Takeaways SHO sold the 252-room Hilton New Orleans St. Charles for $47M, or about $187K per key. Disposition proceeds were fully reinvested into accretive share repurchases amid favorable market conditions. SHO will provide more details on the sale's impact on its 2025 outlook in the Q2 earnings release.Sunstone Hotel Investors, Inc. (SHO) recently sold Hilton New Orleans St. Charles, encompassing 252 rooms for a gross sale price of $47 million, or approximately $187,000 per key.The sale price of the ...