Sunstone Hotel Investors(US:SHO)2024-02-23 19:01Company Overview - As of February 23, 2024, Sunstone Hotel Investors, Inc owned 14 hotels with 6,675 rooms, primarily under nationally recognized brands[21] - The company focuses on long-term stakeholder value through acquisition, active ownership, and disposition of hotel and resort real estate[21] Financial Performance (2023) - Total revenues for the year ended December 31, 2023 were $889.712 million[31] - Comparable Hotel Adjusted EBITDAre for the year ended December 31, 2023 was $244.732 million[31] - Comparable Adjusted FFO attributable to common stockholders for the year ended December 31, 2023 was $164.489 million, or $0.81 per diluted share[31] Debt and Capitalization (December 31, 2023) - Total debt was $819.050 million[83] - Fixed-rate debt accounted for 51.2% of the total debt, while floating-rate debt was 48.8%[85] - Total capitalization was $3.283636 billion, with debt representing 24.9% of the total[110] Property-Level Operating Statistics (2023) - The 11-hotel portfolio (excluding Montage Healdsburg, Four Seasons Resort Napa Valley and The Confidante Miami Beach) achieved an average ADR of $303.48 and RevPAR of $215.47[95] - The comparable portfolio (all hotels owned as of December 31, 2023) achieved an average ADR of $324.58 and RevPAR of $226.56[95] - Total RevPAR for the comparable portfolio was $364.64[124]