By: Benzinga
January 25, 2013 at 09:22 AM EST
Sunstone Hotel Investors to Sell Four Rochester Hotels for $230M; Reports Prelim. Q4 Adj-FFO $0.30, Had Seen $0.23-0.27
Sunstone Hotel Investors, Inc. (the "Company") (NYSE: SHO ) announced today that it has entered into agreements to sell a four-hotel, 1,222-room portfolio and commercial laundry facility (collectively, the "Rochester Portfolio") in Rochester, Minnesota for a gross price of $230 million. The four hotels include the 660-room Kahler
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