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Sunstone Hotel Investors Announces the Sale of the 292 room Marriott
Riverside, California for Gross Proceeds of $19.3 Million

SAN CLEMENTE, Calif., June 18, 2009 - Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it has completed the sale of the 292-room Marriott located in Riverside, California for gross sale proceeds of $19.3 million, which equates to 10.1x 2009 forecasted EBITDA. 

Art Buser, President and Chief Executive Officer, stated, "The sale of the Marriott Riverside demonstrates our ability to monetize non-core assets at an attractive valuation in a very challenging transaction environment. This transaction will improve our already strong liquidity position, and we are confident that over time the net proceeds will deliver higher returns to our stockholders if deployed towards value enhancing capital investments elsewhere within our core portfolio of hotels." 

Riverside Marriott
3400 Market St, Riverside, California

About Sunstone Hotel Investors, Inc.
Sunstone Hotel Investors, Inc. is a lodging real estate investment trust ("REIT") that, as of the date hereof, has interests in 42 hotels comprised of 14,463 rooms primarily in the upper-upscale segment operated under nationally recognized brands, such as Marriott, Hilton, Hyatt, Fairmont and Starwood. For further information, please visit Sunstone's website at

This press release contains forward-looking statements within the meaning of federal securities laws and regulations. 


Bryan Giglia
    Vice President - Corporate Finance
    Sunstone Hotel Investors, Inc.
    (949) 369-4236

Also See: Sunstone to Forfeit the 258-room W Hotel San Diego to Lenders, May Pursue Similar Options with Other Mortgaged Hotels / June 2009



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