Sunstone Hotel Investors Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 23, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
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| | | Page |
| PART I | | |
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| Item 1 | Business | 3 |
| Item 1A | Risk Factors | 10 |
| Item 1B | Unresolved Staff Comments | 32 |
| Item 1C | Cybersecurity | 32 |
| Item 2 | Properties | 33 |
| Item 3 | Legal Proceedings | 33 |
| Item 4 | Mine Safety Disclosures | 34 |
| | | |
| PART II | | |
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| Item 5 | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 34 |
| Item 6 | Reserved | 35 |
| Item 7 | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 35 |
| Item 7A | Quantitative and Qualitative Disclosures About Market Risk | 50 |
| Item 8 | Financial Statements and Supplementary Data | 51 |
| Item 9 | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 51 |
| Item 9A | Controls and Procedures | 51 |
| Item 9B | Other Information | 53 |
| Item 9C | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 53 |
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| PART III | | |
| | | |
| Item 10 | Directors, Executive Officers and Corporate Governance | 53 |
| Item 11 | Executive Compensation | 53 |
| Item 12 | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 53 |
| Item 13 | Certain Relationships and Related Transactions, and Director Independence | 53 |
| Item 14 | Principal Accountant Fees and Services | 54 |
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| PART IV | | |
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| Item 15 | Exhibit and Financial Statement Schedules | 54 |
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| SIGNATURES | 59 |
The “Company,” “we,” “our,” and “us” refer to Sunstone Hotel Investors, Inc., a Maryland corporation, and one or more of our subsidiaries, including Sunstone Hotel Partnership, LLC, or the Operating Partnership, and Sunstone Hotel TRS Lessee, Inc., or the TRS Lessee, and, as the context may require, Sunstone Hotel Investors only or the Operating Partnership only.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This report, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. The Company intends such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and includes this statement for purposes of complying with these safe-harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, are generally identifiable by use of the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “project” or similar expressions. You should not rely on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company’s control, and which could materially affect actual results, performances or achievements. Factors that may cause actual events to differ materially from the expectations expressed or implied by any forward-looking statement include, but are not limited to the risk factors discussed in this Annual Report on Form 10-K. Accordingly, there is no assurance that the Company’s expectations will be realized. Except as otherwise required by federal securities laws, the Company disclaims any obligations or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.