Sunstone Hotel Investors, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 03, 2021 at 04:37 pm EDT
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Sunstone Hotel Investors, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 117.210 million compared to USD 10.424 million a year ago. Net loss was USD 27.322 million compared to USD 115.338 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.55 a year ago. For the half year, total revenue was USD 167.843 million compared to USD 201.636 million a year ago. Net loss was USD 80.634 million compared to USD 277.399 million a year ago. Basic loss per share from continuing operations was USD 0.43 compared to USD 1.3 a year ago.
Sunstone Hotel Investors, Inc. is a real estate investment trust. The Company owns approximately 14 hotels, comprised of 6,675 rooms, located in six states and in Washington, DC. The Companyâs portfolio consists of luxury hotels located in convention, resort destinations and urban markets. It is the owner of Long-Term Relevant Real Estate (LTRR) in the lodging industry, specifically hotels in urban and resort destination locations. The Company's hotels are operated by third-party managers under long-term management agreements with TRS Lessee or its subsidiaries. It is operated by third-party managers under long-term management agreements with the TRS Lessee or its subsidiaries. Its third-party managers include subsidiaries of Marriott International, Inc.; managers of six of the Companyâs hotels; Hyatt Hotels Corporation, manager of two of its hotels; and Four Seasons Hotels Limited, Highgate Hotels L.P. and an affiliate, Hilton Worldwide, and Interstate Hotels & Resorts, Inc.
SUNSTONE HOTEL INVESTORS, INC. 
