Sunstone Plans Offering
- Share via
SAN CLEMENTE — Sunstone Hotel Investors Inc. is planning to sell up to $200 million of common and preferred stock and warrants, according to documents filed Wednesday with the Securities and Exchange Commission.
The real estate investment trust, which owns hotels in the West, said it plans to use the proceeds to acquire additional hotels, renovate existing properties and repay debt.
The offering also was filed as a shelf registration.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
