Hotel News Resource

Sunday, December 14, 2008

Sunstone Hotel Investors Provides Intra-Quarter Update

Disclosure regarding the non-GAAP financial measures in this release is included on page 5. Disclosure regarding the Comparable Portfolio is included on page 6 of this release. Reconciliations of non-GAAP financial measures to the most comparable GAAP measure for each of the periods presented are included on page 7 of this release.
Arthur Buser, President, stated "While we are seeing softness in both transient and group trends, we are reaffirming the guidance we provided during our third-quarter call earlier this fall. We continue to work closely with our managers to drive top-line growth and to improve our operating efficiencies to minimize margin erosion in this challenging operating environment."