Room Revenue Nearly Triples for Sunstone
- Share via
Dow Jones
Sunstone Hotel Investors Inc. said total room revenue for the second quarter nearly tripled to $51.9 million from $17.9 million a year ago. The San Clemente-based real estate investment trust said the completion of $527.2 million of hotel acquisitions and investments during the last 12 months boosted second quarter room revenue. Same-unit sales were up 4.3% per available room, the company said.
More to Read
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.