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Sunstone Hotel Investors Inc

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

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About this filing

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

SHO$12.66+1.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

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PART I​​
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Item 1Business3
Item 1ARisk Factors10
Item 1BUnresolved Staff Comments32
Item 1CCybersecurity32
Item 2Properties33
Item 3Legal Proceedings33
Item 4Mine Safety Disclosures34
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PART II​​
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Item 5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities34
Item 6Reserved35
Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations35
Item 7AQuantitative and Qualitative Disclosures About Market Risk50
Item 8Financial Statements and Supplementary Data51
Item 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure51
Item 9AControls and Procedures51
Item 9BOther Information53
Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections53
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PART III​​
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Item 10Directors, Executive Officers and Corporate Governance53
Item 11Executive Compensation53
Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters53
Item 13Certain Relationships and Related Transactions, and Director Independence53
Item 14Principal Accountant Fees and Services54
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PART IV​​
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Item 15Exhibit and Financial Statement Schedules54
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SIGNATURES59

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.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.