SUNSTONE HOTEL INVESTORS ANNOUNCES TAX TREATMENT OF 2023 DIVIDENDS

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ALISO VIEJO, Calif., Jan. 25, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced the following tax treatment of the 2023 distributions to holders of the Company's common stock and Series H and Series I preferred stock.

Record Date	Payable Date	Total Distribution Per Share	Ordinary Dividend	Capital Gain Distribution	Section 199A Dividend
Common Stock, Ticker: SHO, CUSIP: 867892101
3/31/2023	4/17/2023	$0.050000	$0.000000	$0.050000	$0.000000
6/30/2023	7/17/2023	$0.050000	$0.000000	$0.050000	$0.000000
9/29/2023	10/16/2023	$0.070000	$0.000000	$0.070000	$0.000000
12/29/2023	1/16/2024	$0.130000	$0.000000	$0.130000	$0.000000

Series H Preferred Stock, Ticker: SHO PRH, CUSIP: 867892804
3/31/2023	4/17/2023	$0.382813	$0.000000	$0.382813	$0.000000
6/30/2023	7/17/2023	$0.382813	$0.000000	$0.382813	$0.000000
9/29/2023	10/16/2023	$0.382813	$0.000000	$0.382813	$0.000000
12/29/2023	1/16/2024	$0.382813	$0.000000	$0.382813	$0.000000

Series I Preferred Stock, Ticker: SHO PRI, CUSIP: 867892887
3/31/2023	4/17/2023	$0.356250	$0.000000	$0.356250	$0.000000
6/30/2023	7/17/2023	$0.356250	$0.000000	$0.356250	$0.000000
9/29/2023	10/16/2023	$0.356250	$0.000000	$0.356250	$0.000000
12/29/2023	1/16/2024	$0.356250	$0.000000	$0.356250	$0.000000

Stockholders are encouraged to consult with a personal tax advisor regarding their specific tax treatment of the Company's distributions.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc. is a lodging real estate investment trust ("REIT"). Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate. For further information, please visit Sunstone's website at www.sunstonehotels.com. The Company's website is provided as a reference only and any information on the website is not incorporated by reference in this release.

For Additional Information

Aaron Reyes
Chief Financial Officer
Sunstone Hotel Investors, Inc.
(949) 382-3018

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