sunstone hotel investors inc
Transactions by SUNSTONE HOTEL INVESTORS INC (SHO) in the last 6 months
Sunstone Hotel Investors Inc. (NYSE:SHO) acquired fee simple interest in Hilton New Orleans St. Charles from St. Charles Hotel Investors, LLC for $59.4 million on May 1, 2013. The purchase price was excluding closing costs and pro-rations. Hilton New Orleans will continue to operate under Hilton brand. Sunstone Hotel used its cash and cash equivalents to fund the transaction. Hilton New Orleans St. Charles reported revenues of $12.3 million, net income of $2.9 million ...
Sunstone Hotel Investors Inc. (NYSE:SHO) entered into a purchase and sale agreement to acquire Boston Park Plaza from Highgate Holdings and others for $250 million on April 26, 2013. The transaction shall be funded through a combination of the proceeds received from the sale of the Company’s Rochester Portfolio in January 2013, cash on hand and the assumption of a non-recourse loan secured by the hotel with a fixed rate of 4.402% and a maturity date in February 2018. ...
Rockpoint Group, L.L.C.
The D L Saunders Companies & The Boston Park Plaza Hotel LLC
Five Midwest-based investors entered into agreements to acquire Rochester portfolio from Sunstone Hotel Investors Inc. (NYSE:SHO) for approximately $230 million on January 25, 2013. Rochester portfolio includes four hotels and a commercial laundry facility. The price of laundry facility is $20 million. The purchase price is subject to adjustments. Sunstone expects to retain a $25 million preferred equity investment in the four hotels. Rochester portfolio generated $62.46 ...
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