Financing ·
Sunstone Hotel Investors, Inc. entered into a new equity distribution agreement on August 10, 2026, establishing an…
SHO-PHSunstone Hotel Investors, Inc.
Sunstone Hotel Investors, Inc. entered into a new equity distribution agreement on August 10, 2026, establishing an at-the-market offering program allowing the issuance of up to $300 million in common stock shares. This new agreement simultaneously terminated a prior program with the same parties that had $300 million remaining unsold. The company may also enter into forward sale agreements with designated financial institutions, including Bank of America and J.P. Morgan, subject to commissions not exceeding 2.0%. Concurrently, the operating partnership amended its credit agreement on August 7, 2026, to add a carve-out permitting these derivative transactions. Sunstone Hotel Investors operates in the real estate investment trust sector, owning and managing hospitality properties.