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Sunstone Hotel Investors, Inc. Named 'Developer of the Year' by Marriott Hotels, Resorts and Suites
SAN CLEMENTE, Calif., Dec. 7, 1998 -  Sunstone Hotel Investors, Inc. (NYSE: SSI), a real estate investment trust (REIT), today announced it was named Developer of the Year by Marriott Hotels, Resorts and Suites at Marriott's 1998 National Franchise Conference, held in November at the Renaissance Stanford Court in San Francisco. CEO Robert Alter accepted the award on behalf of Sunstone Hotel Investors, Inc., which opened five full-service Marriott hotels in 1998. Alter acknowledged, "We are delighted to receive such an esteemed
award from one of the highest quality franchisors in our industry. Sunstone's commitment to developing high quality assets has been well received by Marriott International."

Sunstone Hotel Investors, Inc. owns 17 Marriott-branded hotels including six Marriott full-service hotels, six Residence Inns, four Courtyards and one Fairfield Inn. In 1999, Sunstone will add a Residence Inn, a Courtyard and two Marriott full-service hotels to its portfolio. The two full-service Marriott hotels are located in Santa Monica, Calif., and Park City, Utah.

Sunstone Hotel Investors, Inc. is a leading self-administered equity real estate investment trust that owns and invests in luxury, upscale and mid-priced hotels located in the western United States. The Company's growth strategy is to maximize shareholder value by acquiring underperforming hotels that are in attractive locations with significant barriers to entry; and to improve its hotels' financial performance through renovation, redevelopment, re-branding, repositioning and re-focused sales and marketing programs. Sunstone Hotel Investors, Inc. is the only hotel REIT that currently focuses its acquisition strategy in the western United States. Through Sunstone Hotel Investors, L.P., the Company owns 57 hotels comprising 10,015 rooms.

Marriott International, Inc. (NYSE: MAR) is a leading worldwide hospitality company with over 1,700 operating units in the United States and 53 other countries and territories. Major businesses include hotels operated and franchised under the Marriott, Ritz-Carlton, Courtyard, Residence Inn, Fairfield, Springhill Suites, TownePlace Suites, Renaissance, New World and Ramada International brands; vacation club (timeshare) resorts; senior living communities and services; and food service distribution. The company is headquartered in Washington D.C. and has approximately 131,000 employees. For the fiscal year 1997, Marriott International reported sales of $9 billion.

Robert A. Alter, Chairman and CEO, 
or Joe Biehl, Chief Financial Officer, 
both of Sunstone Hotel
Investors, Inc., 949-361-3900
Also See: Sunstone Acquires Kahler Realty / Oct 1997 
R. Terrence Crowley Appointed to Chief Operating Officer of Sunstone Hotel Investors, Inc. / Nov 1998

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