- Sunstone Hotel press release ( NYSE: SHO ): Q4 AFFO of $0.26
- Revenue of $244.14M (+40.4% Y/Y) beats by $14.68M .
- Comparable Portfolio RevPAR: RevPAR at the comparable 12 hotels the Company owned during both 2022 and 2021 plus The Confidante Miami Beach (the "Comparable Portfolio"), increased 34.2% to $193.59. The average daily rate was $286.37 and occupancy was 67.6%.
- Total Portfolio RevPAR: RevPAR at the 15 hotels, which includes the Comparable Portfolio, the Montage Healdsburg and the Four Seasons Resort Napa Valley (the "Total Portfolio"), was $206.73. The average daily rate was $308.55 and occupancy was 67.0%.
- 1Q23 Guidance:
- Adjusted FFO Attributable to Common Stockholders per Diluted Share $0.16-$0.18
For further details see:
Sunstone Hotel reports Q4 results