Sunstone Hotel Investors 22M share Spot Secondary priced at $11.80 The deal size was increased to 22M shares from 17.25M shares and priced in the middle of the $11.75-$11.85 range. Citigroup acted as sole book running manager for the offering.
News For SHO From The Last 14 Days
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Sunstone Hotel raises FY13 adjusted FFO view to 90c-98c from 84c-92c Consensus 91c. Lowers view of FY13 comparable hotel RevPAR to 3.0%-5.0% from 3.5%-5.5%.
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