Sunstone Completes Hotel Acquisitions
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SAN CLEMENTE — Sunstone Hotel Investors Inc. said it has completed its acquisition of two hotels--the 165-room Comfort Suites in South San Francisco and a 151-room hotel in Price, Utah--for $15.7 million.
Sunstone plans to convert the Utah property to a Holiday Inn Hotel & Suites. The two hotels were financed with proceeds from Sunstone’s recent public offering.
The real estate investment trust owns 20 hotels, with 2,612 rooms, in Western states.
