Sunstone Hotel Investors Announces During The First Two Months Of The Quarter, The Company Generated Growth In Total Portfolio RevPAR And Total RevPAR, Excluding The Confidante Miami Beach, Of 2.4% And 6.3%, Respectively, And Adjusted EBITDAre Of ~$37M, In-Line With The FY24 Outlook
Portfolio Pulse from Benzinga Newsdesk
Sunstone Hotel Investors reported growth in RevPAR and Adjusted EBITDAre for the first two months of Q3 2024, aligning with their full-year outlook. The company saw a 2.4% increase in total portfolio RevPAR and a 6.3% increase in Total RevPAR, excluding The Confidante Miami Beach, with Adjusted EBITDAre of approximately $37 million.
October 10, 2024 | 8:20 pm
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Sunstone Hotel Investors reported Q3 growth in RevPAR and Adjusted EBITDAre, consistent with their FY24 outlook. This indicates stable performance and potential investor confidence.
The reported growth in RevPAR and Adjusted EBITDAre aligns with Sunstone's FY24 outlook, suggesting stable performance. This consistency can boost investor confidence, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100