Sunstone Hotel Investors Completes Disposition of Embassy Suites La Jolla and Acquisition of Four Seasons Resort Napa Valley

Sunstone Hotel Investors, Inc. | December 6, 2021

IRVINE, CA - December 6, 2021 - Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone"), the owner of Long-Term Relevant Real Estate® in the hospitality sector, announced today that it completed the previously announced sale of the Embassy Suites La Jolla and the previously announced acquisition of Four Seasons Resort Napa Valley ("Four Seasons Napa"). On December 2, 2021, the Company sold the 340-room Embassy Suites La Jolla for a contractual sale price of $226.7 million or approximately $667,000 per key. The sale price represents a 22.3x multiple on 2019 Hotel Adjusted EBITDAre and a 4.0% cap rate on 2019 Hotel Net Operating...