This hospitality REIT, known for its upscale hotel portfolio, reported a notable insider sale after more than two years of holding steady.
1 Day SHO 0.47% DJIA -0.22% S&P Mid Cap 400 -0.11% Real Estate/Construction -1.39% The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing ...
SHO is set to sell the Hyatt Regency San Francisco to a Blackstone fund for $279M as it redeploys proceeds through share buybacks and weighs further uses.
Hotel Management Network on MSN
Sunstone seals $279M deal to sell Hyatt Regency San Francisco
The agreed price equates to 21.4× hotel adjusted EBITDAre and a 3.5% cap rate on hotel net operating income.
Sunstone Hotel Investors Inc. is offloading another property as it seeks to unlock value following a shareholder push to sell the company and amid stronger performance from its coastal resorts. ...
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