Sunstone Hotel Investors Inc
sunstonehotels.comWhat Do They Do?
Owns upscale and luxury hotels in convention, urban, and resort destinations serving leisure and business travelers.
10-K for FY2025, filed Feb 27, 2026
How Do They Make Money?
Hotel guests pay for rooms at agreed daily rates over their stays, and for food and ancillary services when provided. The TRS Lessee pays base rent plus variable rent tied to occupied rooms and departmental gross revenues.
10-K for FY2025, filed Feb 27, 2026Revenues are recognized when control of the promised goods or services is transferred to hotel guests, which is generally defined as the…View ↗
Food and beverage revenue and other ancillary services revenue are generated when a customer chooses to purchase goods or services. The…View ↗
We have formed the TRS Lessee as a wholly owned TRS. We lease each of our hotels to the TRS Lessee or one of its subsidiaries. These leases…View ↗
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10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by product or service ↗
$960.1M
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10-K for FY2025, filed Feb 27, 2026
$960.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Room
Usage-based
10-K for FY2025, filed Feb 27, 2026 |
61%
FY2022: 63%
|
Room, FY2025
$582.7M Sources
|
Usage-based |
|
Food and beverage
Usage-based
10-K for FY2025, filed Feb 27, 2026 |
29%
FY2022: 26%
|
Food and beverage, FY2025
$278.7M Sources
|
Usage-based |
|
Other operating
Usage-based
10-K for FY2025, filed Feb 27, 2026 |
10%
FY2022: 10%
|
Other operating, FY2025
$98.8M Sources
|
Usage-based |
Who Are Their Customers?
Leisure and business travelers, groups, and other guests stay at the hotels; third-party managers deliver rooms, food and beverage, and ancillary services.
10-K for FY2025, filed Feb 27, 2026All of the Company’s hotels offer similar products and services to their customers in the form of hotel rooms, food and beverage, and…View ↗
The Company utilizes third-party hotel management companies to deliver its products and services to its customers across all of its hotels;View ↗
The Company’s hotels are designed and operated to appeal to similar individuals, groups, leisure, and business customers that travel to its…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 27, 2026
10-K for FY2025, filed Feb 27, 2026
$24.6MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Jun 23, 2026
Agrees to sell Hyatt Regency San Francisco
The agreement sets a gross sale price of $279 million and is subject to normal closing conditions.
Sources
8-K, filed Jun 23, 2026
On June 23, 2026, Sunstone Hotel Investors, Inc. (the “Company”) issued a press release announcing that it has entered into a definitive…View ↗
Growing. Revenue grew 89% in 4 years, from $509.2M in FY2021 to $960.1M in FY2025, about 17% a year.
Hotel branding
The older report identified Boston Park Plaza and Oceans Edge as unbranded. The latest report says only Oceans Edge operates independently, indicating Boston Park Plaza is now under a nationally recognized brand.
10-K for FY2022, filed Feb 23, 2023 10-K for FY2025, filed Feb 27, 2026We were incorporated in Maryland on June 28, 2004. We are a real estate investment trust (“REIT”), under the Internal Revenue Code of 1986…View ↗
We were incorporated in Maryland on June 28, 2004. We are a real estate investment trust (“REIT”), under the Internal Revenue Code of 1986…View ↗
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