Sunstone sells San Francisco hotel to Blackstone for $279 million.
Sunstone Hotel Investors sold the Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for a gross sale price of $279 million. The deal allows the company to return nearly $70 million in proceeds to shareholders through common and preferred stock repurchases.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
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