SHO has been in the news 500% more than usual
Aug 07, 2024, 12:35 PM
2.59%
What does SHO do
Sunstone Hotel Investors, Inc., a real estate investment trust headquartered in Aliso Viejo, California, specializes in acquiring, managing, and renovating luxury hotels and resorts. Founded with an IPO in 2004, the company owns 14 properties with 6,675 rooms across six states and Washington, DC, managed under long-term agreements by major firms like Marriott and Hyatt.
SHO has been in the news recently: Mattamy Homes has introduced Sunstone Lakeside in Venice, Florida, featuring 10 single-family home designs priced from the mid-$500,000s and offering extensive amenities. In Q2 2024, Sunstone Hotel Investors reported a net income of $26.1 million, a 39.3% decrease from the previous year, while their funds from operations reached $56.6 million, surpassing expectations.
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