Sunstone Hotel Investors (SHO) Tops Q3 FFO by 1c
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Sunstone Hotel Investors Reports Results For Third Quarter 2015
October 29, 2015 4:20 PM EDTALISO VIEJO, Calif., Oct. 29, 2015 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the third quarter ended September 30, 2015.
Third Quarter 2015 Operational Results (as compared to Third Quarter 2014):
Comparable Hotel RevPAR, including adoption of the industry's Uniform System of Accounts for the Lodging Industry, Eleventh Revised Edition ("USALI Eleventh Revised Edition"), which became effective January 1, 2015, increased 3.9% to $177.49. Comparable Hotel Adjusted EBITDA Margin, including the effects of $2.9 million in property tax increases at the Company's Chicago and Orlando hotels... More